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Wells plans enhanced growth securities on iShares DJ U.S. Real Estate
By Jennifer Chiou
New York, Jan. 6 - Wells Fargo & Co. plans to price 0% enhanced growth securities due August 2013 linked to the iShares Dow Jones U.S. Real Estate index fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any increase in the exchange-traded fund's share price, subject to a maximum return of 30% to 35% that will be set at pricing. Investors will receive par if the share price declines by 15% or less and will lose 1% for every 1% that it declines beyond 15%.
The notes (Cusip: 94986RCM1) will settle in February.
Wells Fargo Securities, LLC is the agent.
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