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Wells Fargo to price enhanced growth securities tied to Russell 2000
By Angela McDaniels
Tacoma, Wash., Dec. 1 - Wells Fargo & Co. plans to price 0% enhanced growth securities due July 2013 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 150% of any index gain, subject to a maximum return of 30% to 35% that will be set at pricing. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
The securities (Cusip 94986RBS9) will settle in January.
Wells Fargo Securities, LLC is the agent.
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