Wells Fargo plans 1.5-year enhanced growth notes tied to Russell 2000

By Susanna Moon

Chicago, July 21 - Wells Fargo & Co. plans to price 0% enhanced growth securities due January 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 1.4 times to 1.5 times any index gain, up to a maximum return of 16% to 21%. The exact participation rate and cap will be set at pricing.

Investors will receive par if the index falls by up to 20% and will lose 1.25% for each 1% decline beyond 20%.

Wells Fargo Securities, LLC is the underwriter.

The notes will price and settle in July.

The Cusip is 94986REV9.

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