Wells Fargo plans three-year enhanced growth notes on Russell 2000

By Susanna Moon

Chicago, July 8 - Wells Fargo & Co. plans to price 0% enhanced growth securities due August 2013 based on the performance of the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.25 times any index gain, up to a maximum return of 40% to 45%. The exact cap will be set at pricing.

Investors will receive par for losses up to 20% and will share in any losses beyond 20%.

The securities are expected to settle in August.

Wells Fargo Securities, LLC is the agent.

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