Wells Fargo plans enhanced growth securities linked to fund basket

By Susanna Moon

Chicago, June 10 - Wells Fargo & Co. plans to price 0% enhanced growth securities due July 2013 based on the performance of four equally weighted exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying components are the iShares MSCI Australia index fund, the iShares MSCI Brazil index fund, the iShares MSCI Canada index fund and iShares MSCI Mexico Investable Market index fund.

The payout at maturity will be par plus 1.25 times any basket gain, up to a cap of 40% to 50%. The exact cap will be set at pricing.

Investors will receive par for losses of up to 20% and will share in any losses beyond 20%.

Wells Fargo Securities, LLC is the agent.

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