New Issue: Wells Fargo prices $4.75 million market-linked notes due 2016 tied to currency basket

By Toni Weeks

San Diego, March 2 - Wells Fargo & Co. priced $4.75 million of 0% market-linked notes due Sept. 8 2016 linked to a basket of currencies, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying currencies are the Australian dollar, the Norwegian krone and the Canadian dollar, each weighted at about one-third and relative to the U.S. dollar.

The payout at maturity will be par plus any basket gain, with a minimum return of 2%.

If the basket falls, the payout will be equal to the minimum return.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Growth securities with upside participation to a cap
Underlying currencies:	Australian dollar, Norwegian krone and Canadian dollar, each weighted at about one-third and relative to the U.S. dollar
Amount:	$4,746,000
Maturity:	Sept. 8, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any gain in the basket, floor of 2%; 2% if basket declines
Initial exchange rates:	1.08045 for Australian dollar, 0.17993 for krone, 1.01528 for Canadian dollar
Pricing date:	Feb. 29
Settlement date:	March 7
Agent:	Wells Fargo Securities, LLC
Fees:	2.25%
Cusip:	94986RHM6

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