New Issue: Wells Fargo prices $5.98 million participation securities linked to index, ETFs

By Angela McDaniels

Tacoma, Wash., Nov. 3 - Wells Fargo & Co. priced $5.98 million of 0% participation securities with partial principal protection due May 7, 2015 linked to a diversified equity basket, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes the S&P 500 index with a 50% weight, the iShares MSCI EAFE index fund with a 30% weight and the iShares MSCI Emerging Markets index fund with a 20% weight.

The payout at maturity will be par plus 108% of any basket gain. Investors will receive par if the basket falls by 20% or less and will lose 1% for every 1% that it declines beyond 20%.

Wells Fargo Securities, LLC is the underwriter.

Issuer:	Wells Fargo & Co.
Issue:	Participation securities with partial protection
Underlying basket:	S&P 500 index (50% weight), iShares MSCI EAFE index fund (30% weight) and iShares MSCI Emerging Markets index fund (20% weight)
Amount:	$5,983,000
Maturity:	May 7, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 108% of any basket gain; par if basket falls by 20% or less; 1% loss for every 1% basket decline beyond 20%
Initial levels:	1,036.19 for S&P 500; $53.30 for iShares MSCI EAFE; $37.56 for iShares MSCI Emerging Markets
Pricing date:	Oct. 30
Settlement date:	Nov. 6
Underwriter:	Wells Fargo Securities, LLC
Fees:	3%

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