New Issue: Wells Fargo sells $11.29 million enhanced participation notes linked to S&P 500

By Susanna Moon

Chicago, Nov. 3 - Wells Fargo & Co. priced $11.29 million of 0% enhanced participation securities with partial principal protection due May 7, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any gain in the index, up to a maximum payment of par plus $530 per $1,000 note.

Investors will receive par if the index falls by up to 15% and will be exposed to losses beyond 15%.

Wells Fargo Securities, LLC is the underwriter.

Issuer:	Wells Fargo & Co.
Issue:	Enhanced participation securities with partial principal protection
Underlying index:	S&P 500
Amount:	$11,288,000
Maturity:	May 7, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any index gain, capped at 53%; par if index falls by up to 15% and exposure to losses beyond 15%
Initial level:	1,036.19
Pricing date:	Oct. 30
Settlement date:	Nov. 6
Underwriter:	Wells Fargo Securities, LLC
Fees:	2.25%

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