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Wells Fargo plans participation notes linked to iShares MSCI EM
By Susanna Moon
Chicago, July 7 - Wells Fargo & Co. plans to price 0% participation securities with partial principal protection due August 2011 linked to the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain in the fund, up to a maximum payment of $1,350 to $1,400 per $1,000 note. The exact cap will be set at pricing.
Investors will receive par if the fund falls by up to 15% and will be exposed to losses beyond 15%.
Wells Fargo Securities, LLC is the underwriter.
Pricing and settlement dates were not specified in the filing.
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