New Issue: Wells Fargo prices $4.85 million enhanced growth securities linked to S&P 500

By Jennifer Chiou

New York, March 3 - Wells Fargo & Co. priced $4.85 million of 0% enhanced growth securities with buffered downside due June 7, 2012 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 index gain, capped at 22.5%. Investors will receive par if the index declines by 10% or less and will share in losses at a rate of 1.1111% per 1% drop beyond 10%.

Wells Fargo Securities, LLC is the underwriter.

Issuer:	Wells Fargo & Co.
Issue:	Enhanced growth securities with buffered downside
Underlying index:	S&P 500
Amount:	$4,848,000
Maturity:	June 7, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any index gain, capped at 22.5%; par if index falls by 10% or less; investors shares in losses at a rate of 1.1111% per 1% drop beyond 10%
Initial index level:	1,115.71
Pricing date:	March 1
Settlement date:	March 8
Underwriter:	Wells Fargo Securities, LLC
Fees:	2%

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