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Wells Fargo plans to price access securities linked to four indexes
By Angela McDaniels
Tacoma, Wash., June 8 - Wells Fargo & Co. plans to price 0% access securities due December 2012 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the S&P 500 index with a 40% weight, the MSCI EAFE index with a 30% weight, the Russell 2000 index with a 20% weight and the MSCI Emerging Markets index with a 10% weight.
The payout at maturity will be par plus any basket gain, subject to a maximum return of 21% to 26% that will be set at pricing. Investors will receive par if the basket falls by 20% or less and will lose 1% for every 1% that it declines beyond 20%.
The notes will price and settle in June.
Wells Fargo Securities, LLC is the agent.
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