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Published on 12/6/2010 in the Prospect News Structured Products Daily.

New Issue: Wells Fargo sells $4.2 million 5-year enhanced growth notes linked to commodity basket

By Susanna Moon

Chicago, Dec. 6 - Wells Fargo & Co. priced $4.2 million of 0% enhanced growth securities due Dec. 9, 2015 based on a basket of equally weighted commodities, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying commodities are crude oil, gold, copper and corn.

The payout at maturity will be par plus double any basket gain, up to a maximum return of $1,675 per $1,000 principal amount.

Investors will receive par for losses up to 25% and will share in the losses beyond 25%.

Wells Fargo Securities, LLC is the agent.

Issuer:Wells Fargo & Co.
Issue:Enhanced growth securities
Underlying basket:Crude oil, gold, copper and corn, equally weighted
Amount:$4.2 million
Maturity:Dec. 9, 2015
Coupon:0%
Price:Par
Payout at maturity:Par plus 200% of any basket gain, capped at 67.5%; exposure to losses beyond 25%
Initial levels:$88.00 for crude oil, $1,389.00 for gold, $8,711.50 for copper and 555.5¢ for corn
Threshold level:75% of initial level
Pricing date:Dec. 2
Settlement date:Dec. 9
Agent:Wells Fargo Securities, LLC
Fees:0.1%
Cusip:94986RCA7

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