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Wells Fargo plans 2.5-year enhanced growth notes on Russell 2000
By Susanna Moon
Chicago, Nov. 8 - Wells Fargo & Co. plans to price 0% enhanced growth securities due June 2013 based on the performance of the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any index gain, up to a maximum return of 30% to 35%. The exact cap will be set at pricing.
Investors will receive par for losses up to 10% and will share in any losses beyond 10%.
The notes (Cusip 94986RBL4) will settle in December.
Wells Fargo Securities, LLC is the agent.
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