New Issue: Wells Fargo sells $12.34 million participation notes linked to S&P 500

By Susanna Moon

Chicago, July 2 - Wells Fargo & Co. priced $12.34 million of zero-coupon participation securities with contingent principal protection due July 8, 2014 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 1.15 times any gain in the index.

Investors will receive par if the index falls by up to 50% and will be exposed to losses beyond 50%.

Wells Fargo Securities, LLC is the underwriter.

Issuer:	Wells Fargo & Co.
Issue:	Participation securities with contingent principal protection
Underlying index:	S&P 500
Amount:	$12,341,000
Maturity:	July 8, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 115% of any index gain; par if index falls by up to 50% and exposure to losses beyond 50%
Initial level:	919.32
Pricing date:	June 30
Settlement date:	July 8
Underwriter:	Wells Fargo Securities, LLC
Fees:	3.5%

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