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Wells Fargo to price notes linked to S&P 500, Rogers International Commodity indexes
By E. Janene Geiss
Philadelphia, Sept.8 - Wells Fargo & Co. plans to price 0% senior unsecured debt securities due in October 2014 linked to a basket with two indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 70% weight and the Rogers International Commodity Index - Excess Return with a 30% weight.
The payout at maturity will be par plus 1.05 to 1.15 times any basket gain, with the exact participation rate to be set at pricing. Investors will receive par if the basket declines by 20% or less and will be exposed to any decline beyond 20%.
Wells Fargo Securities, LLC is the underwriter.
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