New Issue: Wells Fargo prices $2.87 million enhanced growth securities linked to Russell 2000

By Angela McDaniels

Tacoma, Wash., May 4 - Wells Fargo & Co. priced $2.87 million of 0% enhanced growth securities with buffered downside due Aug. 10, 2012 linked to the Russell 2000 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, subject to a maximum return of 27%. If the index declines by 10% or less, the payout will be par. If the index declines by more than 10%, the payout will be par multiplied by 111.11% of the quotient of the final index level divided by the initial index level.

Wells Fargo Securities, LLC is the underwriter.

Issuer:	Wells Fargo & Co.
Issue:	Enhanced growth securities with buffered downside
Underlying index:	Russell 2000
Amount:	$2,865,000
Maturity:	Aug. 10, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any index gain, up to maximum return of 27%; par if index declines by 10% or less; par multiplied by 111.11% of final index level divided by initial level if index declines by more than 10%
Initial index level:	716.60
Pricing date:	April 30
Settlement date:	May 10
Underwriter:	Wells Fargo Securities, LLC
Fees:	2%

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