New Issue: Wells Fargo sells $7.11 million access securities on commodities basket

By Marisa Wong

Madison, Wis., Jan. 3 - Wells Fargo & Co. priced $7.11 million of 0% access securities due July 8, 2014 linked to a basket holding equal weights of crude oil, platinum, copper, corn and cotton, according to a 424B2 filling with the Securities and Exchange Commission.

The payout at maturity will be par plus 145% of any increase in the basket. 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:	Equal weights of crude oil, platinum, copper, corn and cotton
Amount:	$7.11 million
Maturity:	July 8, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 145% of any basket gain; par if basket falls by 15% or less; 1% loss for every 1% decline beyond 15%
Initial prices:	$91.12 for crude oil; $1,745.00 for platinum; $9,465.00 for copper; $624.00 for corn; and $140.43 for cotton
Pricing date:	Dec. 29
Settlement date:	Jan. 5
Agent:	Wells Fargo Securities, LLC
Fees:	2.25%
Cusip:	94986RCB5

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