Wells Fargo to price four-year access securities linked to S&P 500

By Jennifer Chiou

New York, Aug. 13 - Wells Fargo & Co. plans to price 0% access securities with upside participation and contingent downside protection due Aug. 29, 2014 linked to the S&P 500 index via Wells Fargo Securities, LLC, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus the gain, subject to a maximum return of 60% to 70% that will be set at pricing. The contingent minimum return is 8%.

If the index return is between 0% and negative 40%, the payout will be par plus the contingent minimum return of 8%.

If the index return is less than negative 40%, the payout will be par plus the index return.

The notes (Cusip 94986RAS0) will price on Aug. 24 and settle on Aug. 31.

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