New Issue: Wells Fargo prices $1.03 million access securities linked to platinum, palladium

By Angela McDaniels

Tacoma, Wash., Dec. 28 - Wells Fargo & Co. priced $1.03 million of 0% access securities due July 8, 2014 linked to a basket holding equal weights of platinum and palladium, according to a 424B2 filling with the Securities and Exchange Commission.

The payout at maturity will be par plus any increase in the basket, subject to a maximum return of 50%. Investors will receive par if the basket declines by 15% or less and will lose 1% for every 1% that it declines beyond 15%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Access securities
Underlying commodities:	Platinum and palladium, equally weighted
Amount:	$1.03 million
Maturity:	July 8, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any basket gain, up to maximum return of 50%; par if basket falls by 15% or less; 1% loss for every 1% decline beyond 15%
Initial prices:	$1,720 for platinum and $752 for palladium
Pricing date:	Dec. 23
Settlement date:	Jan. 3
Agent:	Wells Fargo Securities, LLC
Fees:	2.25%
Cusip:	94986RCC3

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