New Issue: Wells Fargo prices $6.58 million access securities linked to S&P 500

By Toni Weeks

San Diego, June 8 - Wells Fargo & Co. priced $6.58 million of 0% access securities due July 13, 2012 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to the initial level, the payout at maturity will be par plus a fixed payment of 10.25%.

Investors will receive par if the index declines by 17% or less.

If the index declines by more than 17%, investors will be exposed to the decline from the initial level.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Access securities
Underlying index:	S&P 500
Amount:	$6,576,000
Maturity:	July 13, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	If final level is greater than or equal to initial level, par plus 10.25%; par if index declines by 17% or less; full exposure to losses if index declines by more than 17%
Initial level:	1,286.17
Threshold level:	1,067.52, 83% of initial level
Pricing date:	June 6
Settlement date:	June 13
Underwriter:	Wells Fargo Securities, LLC
Fees:	0.25%
Cusip:	94986RED9

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