Wells Fargo plans four-year enhanced growth notes tied to fund basket

By Susanna Moon

Chicago, April 7 - Wells Fargo & Co. plans to price 0% enhanced growth securities due May 2015 linked to a basket of four exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of 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.

The payout at maturity will be par plus 1.5 times any basket gain, up to a maximum return of 33% to 38%. The exact cap will be set at pricing.

Investors will receive par if the basket falls by up to 15% and will share in any losses beyond 15%.

Wells Fargo Securities, LLC is the agent.

The notes will settle in May.

The Cusip is 94986RDJ7.

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