Wells Fargo plans to price growth securities due 2013 tied to S&P 500

By Marisa Wong

Madison, Wis., May 21 - Wells Fargo & Co. plans to price 0% growth securities with capped upside participation and buffered downside due 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any gain in the index, up to a maximum return of 11% to 17%. The exact cap will be set at pricing.

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

Wells Fargo Securities, LLC is the agent.

The notes (Cusip: 94986RJY8) will price and settle in May.

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