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Wells Fargo to price enhanced growth securities tied to Russell 2000
By Marisa Wong
Madison, Wis., Oct. 5 - Wells Fargo & Co. plans to price 0% enhanced growth securities due May 2014 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index gain, up to a maximum return of 52% to 57%. The exact cap will be set at pricing.
Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
The securities (Cusip: 94986RBG5) will settle in November.
Wells Fargo Securities, LLC is the agent.
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