Wells Fargo plans autocallable access securities tied to Russell 2000

By Susanna Moon

Chicago, Nov. 1 - Wells Fargo & Co. plans to price 0% autocallable access securities with contingent downside protection due Nov. 28, 2014 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annualized call premium of 10% to 12% if index closes at or above the initial level on Dec. 2, 2013, May 22, 2014 or Nov. 20, 2014.

If the notes are not called and the final index level is at least 80% of the initial level, the payout at maturity will be par.

Otherwise, investors be fully exposed to any losses.

Wells Fargo Securities, LLC is the agent.

The notes will price on Nov. 27 and settle on Nov. 30.

The Cusip number is 94986RMC2.

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