Wells Fargo plans 2.5-year access securities tied to currency basket

By Susanna Moon

Chicago, Nov. 12 - Wells Fargo & Co. plans to price 0% access securities due June 2013 based on the performance of four equally weighted currencies relative to the U.S. dollar, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying currencies are the Brazilian real, the Australian dollar, the Norwegian krone and the Canadian dollar.

If the basket finishes above at or above its initial level, the payout at maturity will be par plus any gain, with a minimum contingent return of 18% to 21%.

Otherwise, investors will be exposed to any losses.

The notes (Cusip 94986RBM2) will settle in December.

Wells Fargo Securities, LLC is the agent.

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