Wells Fargo plans five-year enhanced growth notes tied to fund basket

By Angela McDaniels

Tacoma, Wash., Aug. 11 - Wells Fargo & Co. plans to price 0% enhanced growth securities due September 2015 linked to a basket of exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.

The equally weighted basket includes the SPDR S&P 500 ETF trust, the iShares Russell 2000 index fund, the iShares MSCI EAFE index fund and the iShares MSCI Emerging Markets index fund.

The payout at maturity will be par plus 105% to 115% of any basket gain, with the exact participation rate to be set at pricing. Investors will receive par if the basket declines by 40% or less and will be fully exposed to the basket decline if it falls by more than 40%.

The notes (Cusip: 94986RAR2) will settle in September.

Wells Fargo Securities, LLC is the agent.

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