New Issue: Wells Fargo prices $1 billion Libor plus 45 bps three-year notes at 99.717

By Sheri Kasprzak

New York, Jan. 17 - Wells Fargo & Co. priced $1 billion in three-year series G floating-rate notes.

The notes, due Jan. 24, 2011, have a coupon of Libor plus 45 basis points and were priced at 99.717.

The notes are expected to settle on Jan. 24.

Morgan Stanley & Co. Inc. is the lead agent with Merrill Lynch, Pierce, Fenner & Smith as the co-agent.

Issuer:	Wells Fargo & Co.
Issue:	Series G floating-rate notes
Amount:	$1 billion
Maturity:	Jan. 24, 2011
Coupon:	Libor plus 45 bps
Price:	99.717
Agents:	Morgan Stanley & Co. Inc. (lead), Merrill Lynch, Pierce, Fenner & Smith
Pricing date:	Jan. 16
Settlement date:	Jan. 24

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