Wells Fargo plans enhanced growth notes linked to commodity basket

By Susanna Moon

Chicago, Dec. 2 - Wells Fargo & Co. plans to price 0% enhanced growth securities due December 2015 based on a basket of four equally weighted commodities, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying commodities are crude oil, gold, copper and corn.

The payout at maturity will be par plus double any basket gain, up to a maximum return of 57% to 63%. The exact cap will be set at pricing.

Investors will receive par for losses up to 25% and will share in any losses beyond 25%.

The notes (Cusip 94986RCA7) will price and settle in December.

Wells Fargo Securities, LLC is the agent.

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