New Issue: Wells Fargo prices $1.24 million access securities tied to four currencies

By Angela McDaniels

Tacoma, Wash., Jan. 3 - Wells Fargo & Co. priced $1.24 million of 0% access securities due July 8, 2013 linked to a basket of currencies, according to a 424B2 filing with the Securities and Exchange Commission.

The equally weighted basket includes the Brazilian real, the Australian dollar, the Norwegian krone and the Canadian dollar.

If the basket appreciates relative to the U.S. dollar, the payout at maturity will be par plus the greater of the basket return and 23%. Investors will be exposed to any decline in the basket relative to the U.S. dollar.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Access securities
Underlying currencies:	Brazilian real, Australian dollar, Norwegian krone and Canadian dollar, equally weighted
Amount:	$1,243,000
Maturity:	July 8, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus greater of 23% and basket return if basket gains relative to U.S. dollar; exposure to any basket decline
Initial exchange rates:	0.59566 for real; 1.01345 for Australian dollar; 0.16827 for krone; 1.00035 for Canadian dollar
Pricing date:	Dec. 29
Settlement date:	Jan. 5
Agent:	Wells Fargo Securities, LLC
Fees:	2%
Cusip:	94986RBU4

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