New Issue: Wells Fargo prices $6.47 million buffered enhanced notes on S&P 500

By Marisa Wong

Madison, Wis., June 25 - Wells Fargo & Co. priced $6.47 million of 0% buffered enhanced return securities with upside participation to a cap and buffered downside with multiplier due June 15, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.3 times any gain in the index, up to a maximum settlement amount of $1,211 per $1,000 principal amount of notes.

Investors will receive par if the index falls by up to 15% and will lose 1.1765% for each 1% decline beyond 15%.

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 index:	S&P 500
Amount:	$6,469,000
Maturity:	June 15, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 130% of any index gain, capped at 21.1%; par if index falls by 15% or less; 1.1765% loss for every 1% decline beyond 15%
Initial level:	1,592.43
Buffer level:	1,353.5655, 85% of initial price
Pricing date:	June 21
Settlement date:	June 28
Agent:	Wells Fargo Securities, LLC
Fees:	None
Cusip:	94986RQL8

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