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Wells Fargo plans enhanced growth securities linked to index basket
By Jennifer Chiou
New York, June 8 - Wells Fargo & Co. plans to price 0% enhanced growth securities due July 2013 linked to an index basket, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the S&P 500 index with a 45% weight, the MSCI EAFE with a 20% weight, the Russell 2000 with a 20% weight and the MSCI Emerging Markets index with a 15% weight.
The payout at maturity will be par plus 1.25 times any basket gain, subject to a maximum return of 30% to 40% that will be set at pricing. Investors will receive par for losses up to 20% and will share in any losses beyond 20%.
Wells Fargo Securities, LLC is the agent.
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