Wells Fargo to price notes linked to average performance of ETFs

By Angela McDaniels

Tacoma, Wash., Sept. 1 - Wells Fargo & Co. plans to price 0% market-linked notes with upside participation due October 2018 linked to a basket of 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 60% weight, the iShares MSCI EAFE index fund with a 30% weight and the iShares MSCI Emerging Markets index fund with a 10% weight.

The payout at maturity will be par plus 100% to 110% of the basket return, subject to a minimum payout of par. The exact participation rate will be set at pricing.

The final level of each ETF used to determine the final basket level will be the average of that ETF's closing share prices on the last trading day of each March and September from March 2012 through September 2018.

The notes (Cusip: 94986RFL0) are expected to settle in October.

Wells Fargo Securities, LLC is the agent.

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