New Issue: Wells Fargo prices $687,000 buffered enhanced return notes linked to iShares MSCI EM

By Toni Weeks

San Luis Obispo, Calif., April 17 - Wells Fargo & Co. priced $687,000 of 0% buffered enhanced return securities with upside participation to a cap and buffered downside with multiplier due Aug. 27, 2014 linked to the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.2 times any gain in the fund, up to a maximum settlement amount of $1,171.60 per $1,000 principal amount of notes.

Investors will receive par if the fund falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Buffered enhanced return securities with upside participation to a cap and buffered downside with multiplier
Underlying fund:	iShares Emerging Markets index fund
Amount:	$687,000
Maturity:	Aug. 27, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 120% of any fund gain, capped at 17.16%; par if fund falls by 10% or less; 1.1111% loss for every 1% decline beyond 10%
Initial price:	$40.86
Buffer level:	$36.774, 90% of initial price
Pricing date:	April 15
Settlement date:	April 22
Agent:	Wells Fargo Securities, LLC
Fees:	None
Cusip:	94986RPK1

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