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Published on 3/2/2011 in the Prospect News Structured Products Daily.

New Issue: Wells Fargo prices $4.21 million enhanced growth securities on Russell

By Toni Weeks

San Diego, March 2 - Wells Fargo & Co. priced $4.21 million of 0% enhanced growth securities with leveraged upside and fixed percentage buffered downside due Sept. 9, 2013 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, capped at a maximum return of 28%. Investors will receive par if the index declines by 10% or less and will share in any losses beyond 10%.

Wells Fargo Securities, LLC is the underwriter.

Issuer:Wells Fargo & Co.
Issue:Enhanced growth securities with leveraged upside and fixed percentage buffered downside
Underlying index:Russell 2000 index
Amount:$4,211,000
Maturity:Sept. 9, 2013
Coupon:0%
Price:Par
Payout at maturity:Par plus 1.5 times any index gain, capped at a maximum return of 28%; 1% loss for every 1% decline in the index beyond 10%
Initial index level:823.45
Pricing date:Feb. 28
Settlement date:March 7
Underwriter:Wells Fargo Securities, LLC
Fees:2%
Cusip:94986RCF6

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