New Issue: Wells Fargo sells $10.53 million enhanced participation notes linked to S&P 500

By Susanna Moon

Chicago, July 2 - Wells Fargo & Co. priced $10.53 million of 0% enhanced participation securities with partial principal protection due July 8, 2011 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 double any gain in the index, up to a maximum payment of $310 per $1,000 note.

Investors will receive par if the index falls by up to 10% and will be exposed to losses beyond 10%.

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:	$10,529,000
Maturity:	July 8, 2011
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus two times any index gain, capped at 31%; par if index falls by up to 10% and exposure to losses beyond 10%
Initial level:	919.32
Pricing date:	June 30
Settlement date:	July 8
Underwriter:	Wells Fargo Securities, LLC
Fees:	2%

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