New Issue: Wells Fargo prices $12.96 million access securities tied to S&P 500

By Toni Weeks

San Diego, Aug. 16 - Wells Fargo & Co. priced $12.96 million of 0% access securities with upside participation and contingent downside protection due Feb. 23, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus the greater of the 5.5% contingent minimum return and the index return.

If the index declines by up to 30%, the payout will be par plus 5.5%.

If the index decreases by more than 30%, investors will be fully exposed to losses from the initial level.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Access securities with upside participation and contingent downside protection
Underlying index:	S&P 500
Amount:	$12,958,000
Maturity:	Feb. 23, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus greater of 5.5% and index return; if index falls by up to 30%, par plus 5.5%; if index falls more than 30%, full exposure to losses
Initial level:	1,403.93
Threshold level:	982.75, 70% of initial level
Pricing date:	Aug. 14
Settlement date:	Aug. 21
Agent:	Wells Fargo Securities, LLC
Fees:	0.25%
Cusip:	94986RKW0

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