Wells Fargo to price market-linked securities tied to Russell 2000

By Toni Weeks

San Luis Obispo, Calif., April 2 - Wells Fargo & Co. plans to price 0% market-linked securities with leveraged upside participation to a cap and buffered downside with multiplier due April 29, 2016 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 150% of the gain, subject to a maximum return of 18% to 22% that will be determined at pricing.

Investors will receive par if the index decreases by up to 10% and will lose about 1.1111% for every 1% drop beyond the 10% buffer.

The notes (Cusip: 94986RTR2) will price April 25 and settle April 30.

Wells Fargo Securities LLC is the agent.

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