New Issue: Wells Fargo $2.41 million equity-linked securities on S&P 500 index

By Jennifer Chiou

New York, Jan. 22 - Wells Fargo & Co. priced $2,409,000 of 0% S&P 500 index-linked securities due Oct. 22, 2014 with leveraged upside participation to a cap and buffered downside with multiplier, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of any gain in the index, subject to a maximum return of 18.45%.

Investors will receive par if the index declines by up to 12.5% and will lose 1.1429% for every 1% decline beyond the 12.5% buffer.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Securities with leveraged upside participation to a cap and buffered downside with multiplier
Underlying index:	S&P 500
Amount:	$2,409,000
Maturity:	Oct. 22, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any index gain, capped at 18.45%; par if index falls by up to 12.5%; exposure to losses at 1.1429% for every 1% decline beyond 12.5%
Initial level:	1,480.94
Threshold level: 1295.8225, 87.5% of initial price
Pricing date:	Jan. 17
Settlement date:	Jan. 25
Underwriter:	Wells Fargo Securities, LLC
Fees:	None
Cusip:	94986RMX6

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