Wells Fargo to price notes linked to Euro Stoxx 50, FTSE 100 indexes

By Angela McDaniels

Tacoma, Wash., Oct. 17 - Wells Fargo & Co. plans to price 0% market-linked notes with upside participation and partial downside protection due Oct. 21, 2016 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Euro Stoxx 50 index and the FTSE 100 index, each with a 50% weight.

If the final basket level is greater than the initial level, the payout at maturity will be par. If the final level is less than the initial level, investors will receive par minus the lesser of the (a) the basket decline and (b) 10%.

In both cases, investors will also receive the additional amount. The additional amount will be 140% to 150% of the increase, if any, of the average ending level over the initial basket level. The average ending level will be set using the average of the indexes' closing levels on Jan. 18, April 18, July 18 and Oct. 18 of each year from Jan. 18, 2012 through Oct. 18, 2016. The exact participation rate will be set at pricing.

The notes (Cusip: 94986RFZ9) are expected to price Oct. 18 and settle Oct. 21.

Wells Fargo Securities, LLC is the agent.

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