Wells Fargo plans growth securities due 2014 linked to fund basket

By Susanna Moon

Chicago, Feb. 3 - Wells Fargo & Co. plans to price 0% growth securities due September 2014 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 50% weight, the S&P MidCap 400 ETF Trust with a 25% weight and the iShares Russell 2000 index fund with a 25% weight.

The payout at maturity will be par plus double any gain in the basket, up to a maximum return of 26% to 31% that will be set at pricing.

Investors will receive par if the basket falls by up to 10% and will lose 1% for every 1% decline beyond 10%.

Wells Fargo Securities, LLC is the agent.

The notes will settle in March.

The Cusip number is 94986RHE4.

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