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Wells Fargo plans 3.5-year enhanced growth notes on iShares MSCI EM
By Susanna Moon
Chicago, Jan. 3 - Wells Fargo & Co. plans to price 0% enhanced growth securities due August 2014 based on the performance of the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any fund gain, up to a maximum return of $1,350 to $1,400 per $1,000 principal amount.
Investors will receive par for losses up to 15% and will share in the losses beyond 15%.
The notes (Cusip: 94986RCH2) will settle in February.
Wells Fargo Securities, LLC is the agent.
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