Wells Fargo to price four-year access securities linked to four ETFs

By Marisa Wong

Madison, Wis., Jan. 6 - Wells Fargo & Co. plans to price 0% access securities due February 2015 linked to a basket of exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes the SPDR S&P 500 ETF trust with a 45% weight, the iShares Russell 2000 index fund with a 20% weight, the iShares MSCI EAFE index fund with a 20% weight and the iShares MSCI Emerging Markets index fund with a 15% weight.

If the final basket level is greater than the initial basket level, the payout at maturity will be par plus the greater of the basket return and a contingent minimum return of 25%, subject to a maximum return of 40% to 50%. The exact cap will be set at pricing.

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

The notes (Cusip: 94986RCN9) are expected to settle in February.

Wells Fargo Securities LLC is the agent.

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