Wells Fargo to price market-linked notes due 2019 tied to the S&P 500

By Marisa Wong

Madison, Wis., May 18 - Wells Fargo & Co. plans to price 0% market-linked notes due May 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par plus the greater of the minimum return and the index gain. The minimum return is expected to be 7% to 8% and will be set at pricing.

If the final index level is less than or equal to the initial index level, the payout will be par plus the minimum return.

The final index level will be the average of the index's closing levels on the calculation days, which fall in May and November of each year beginning November 2012 and ending May 2019.

The notes (Cusip: 94986RJW2) will price and settle in May.

Wells Fargo Securities, LLC is the agent.

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