Wells Fargo plans 3.5-year access securities tied to commodity basket

By Susanna Moon

Chicago, Dec. 3 - Wells Fargo & Co. plans to price 0% access securities due July 2014 based on a basket of five equally weighted commodities, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying commodities are crude oil, platinum, copper, corn and cotton.

The payout at maturity will be par plus 100% to 110% of any basket gain, with the exact participation rate to be set at pricing.

Investors will receive par if the basket falls by up to 15% and will be exposed to any losses beyond 15%.

The notes (Cusip 94986RCB5) will settle in January.

Wells Fargo Securities, LLC is the agent.

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