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Wells Fargo to price enhanced growth securities linked to S&P 500
By Jennifer Chiou
New York, March 5 - Wells Fargo & Co. plans to price 0% enhanced growth securities with partial downside participation due April 2015 linked to the S&P 500 index, 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 1.2 to 1.25 times the return, with the exact rate to be set at pricing.
Investors will share in 75% of any losses.
Wells Fargo Securities, LLC is the underwriter.
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