Wells Fargo plans enhanced growth notes due 2014 linked to fund basket

By Susanna Moon

Chicago, July 8 - Wells Fargo & Co. plans to price 0% enhanced growth securities due January 2014 based on the performance of a basket of funds, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the SPDR S&P 500 ETF trust with a 45% weight, the iShares Russell 2000 index fund with a 20% weight, the iShares MSCI EAFE index fund with a 20% weight and the iShares MSCI Emerging Markets index fund with a 15% weight.

The payout at maturity will be par plus 1.5 times any basket gain, up to a maximum return of 55% to 65%. The exact cap will be set at pricing.

Investors will receive par for losses up to 40% and will share in the losses if the basket declines beyond 40%.

Wells Fargo Securities, LLC is the agent.

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