New Issue: Wells Fargo prices $10.2 million S&P 500-linked notes with contingent fixed return

By Angela McDaniels

Tacoma, Wash., April 22 - Wells Fargo & Co. priced $10.2 million of 0% equity-linked securities due July 6, 2015 with contingent fixed return and buffered downside with multiplier linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to the threshold level, the payout at maturity will be $1,097.50 per $1,000 principal amount of notes. The threshold level is 85% of the initial index level.

If the final index level is less than the threshold level, investors will lose 1.1765% for every 1% that the final level is below the threshold level.

Wells Fargo Securities, LLC is the underwriter.

Issuer:	Wells Fargo & Co.
Issue:	Equity-linked securities with contingent fixed return and buffered downside with multiplier
Underlying index:	S&P 500
Amount:	$10.2 million
Maturity:	July 6, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than or equal to threshold level, $1,097.50 per $1,000 principal amount of notes; otherwise, 1.1765% loss for every 1% that final level is below threshold level
Initial index level:	1,541.61
Threshold level:	1,310.3685, 85% of initial level
Pricing date:	April 18
Settlement date:	April 25
Underwriter:	Wells Fargo Securities, LLC
Fees:	1.35%
Cusip:	94986RPL9

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