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Wells Fargo plans access notes tied to Rogers International Commodity
By Angela McDaniels
Tacoma, Wash., Oct. 5 - Wells Fargo & Co. plans to price 0% access securities with upside participation and partial downside protection due May 2016 linked to the Rogers International Commodity Index - Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus the gain, subject to a maximum return of 55% to 65% that will be set at pricing.
Investors will be exposed to any index decline, subject to a maximum loss of 10%.
The notes (Cusip 94986RBC4) are expected to settle in November.
Wells Fargo Securities, LLC is the agent.
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