New Issue: Wells Fargo prices $7.38 million access securities tied to S&P 500

By Susanna Moon

Chicago, March 7 - Wells Fargo & Co. priced $7.38 million of 0% access securities due March 10, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the 85% contingent fixed return level, the payout at maturity will be par plus a contingent fixed payment of 8.5%.

If the index finishes below the contingent fixed return level but at or above the 60% threshold level, the payout will be par.

Otherwise, investors will lose 1.6667% for each 1% decline beyond 40%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Access securities
Underlying index:	S&P 500
Amount:	$7.38 million
Maturity:	March 10, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	If index falls by 15% or less, par plus 8.5%; if index falls by more than 15% but by up to 40%, par; otherwise, 1.6667% loss per 1% drop beyond 40%
Initial level:	1,364.33
Contingent fixed return level:	1,159.68, or 85% of initial level
Threshold level:	818.60, or 60% of initial level
Pricing date:	March 5
Settlement date:	March 8
Agent:	Wells Fargo Securities, LLC
Fees:	0.1%
Cusip:	94986RJA0

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