New Issue: Wells Fargo sells $7.29 million 18-month access securities linked to fund basket

By Susanna Moon

Chicago, Sept. 29 - Wells Fargo & Co. priced $7.29 million of 0% access securities due March 30, 2012 linked to a basket of equally weighted exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying funds are the iShares MSCI EAFE index fund, the iShares Russell 2000 index fund, the SPDR S&P 500 exchange-traded fund trust and the SPDR S&P MidCap 400 exchange-traded fund trust.

The payout at maturity will be par plus any basket gain, up to a maximum return of 15%.

Investors will receive par if the basket falls by 15% or less and will lose 1.17647% for every 1% decline beyond 15%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Access securities
Underlying funds:	iShares MSCI EAFE index fund, the iShares Russell 2000 index fund, the SPDR S&P 500 exchange-traded fund trust and the SPDR S&P MidCap 400 exchange-traded fund trust, equally weighted
Amount:	$7.29 million
Maturity:	March 30, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any basket gain, capped at 15%; 1.17647% loss per 1% drop beyond 15%
Initial levels:	$114.32 for S&P 500, $66.82 for Russell, $55.10 for MSCI EAFE and $144.35 for S&P MidCap 400
Pricing date:	Sept. 27
Settlement date:	Sept. 30
Agent:	Wells Fargo Securities, LLC
Fees:	1.75%
Cusip:	94986RBD2

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