Wells Fargo to price enhanced participation notes linked to iShares MSCI Emerging Markets

By Jennifer Chiou

New York, Aug. 7 - Wells Fargo & Co. plans to price 0% enhanced participation securities with partial principal protection due September 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 index gain, subject to a maximum return of 35% to 40% that will be set at pricing. Investors will receive par if the index declines by 15% or less and will be exposed to any decline beyond 15%.

Wells Fargo Securities LLC is the underwriter.

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