New Issue: Wells Fargo prices $2.25 million growth notes linked to commodities

By Angela McDaniels

Tacoma, Wash., Sept. 2 - Wells Fargo & Co. priced $2.25 million of 0% growth securities due March 6, 2015 with upside participation to a cap and fixed percentage buffered downside linked to a basket of commodities, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes equal weights of silver, copper, nickel, corn, soybeans, cotton, Brent crude oil and RBOB gasoline.

The payout at maturity will be par plus 150% of any increase in the basket, subject to a maximum return of 60%. 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:	Enhanced growth securities
Underlying commodities:	Silver, copper, nickel, corn, soybeans, cotton, Brent crude oil and RBOB gasoline, equally weighted
Amount:	$2.25 million
Maturity:	March 6, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any basket gain, up to maximum return of 60%; par if basket declines by 15% or less; 1% loss for every 1% that basket declines beyond 15%
Initial prices:	4,135 cents for silver; $9,197 for copper; $22,050 for nickel; 767.5 cents for corn; 1,457.5 cents for soybeans; 105.88 cents for cotton; $114.85 for Brent crude oil; $3.032 for RBOB gasoline
Pricing date:	Aug. 31
Settlement date:	Sept. 8
Agent:	Wells Fargo Securities, LLC
Fees:	2.25%
Cusip:	94986RFC0

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