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Published on 8/3/2010 in the Prospect News Structured Products Daily.

New Issue: Wells Fargo sells $4.1 million three-year enhanced growth notes on Russell 2000

By Susanna Moon

Chicago, Aug. 3 - Wells Fargo & Co. priced $4.1 million of 0% enhanced growth securities due Aug. 7, 2013 based on the performance of the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.25 times any index gain, up to a maximum return of $1,420 per $1,000 principal amount.

Investors will receive par for losses up to 20% and will share in the losses beyond 20%.

Wells Fargo Securities, LLC is the agent.

Issuer:Wells Fargo & Co.
Issue:Enhanced growth securities
Underlying index:Russell 2000
Amount:$4,095,000
Maturity:Aug. 7, 2013
Coupon:0%
Price:Par
Payout at maturity:Par plus 125% of any basket gain, capped at 42%; exposure to losses beyond 20%
Initial index level:650.89
Threshold level:520.71, or 80% of initial level
Pricing date:July 30
Settlement date:Aug. 6
Agent:Wells Fargo Securities, LLC
Fees:2.25%
Cusip:94986RAG6

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