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Wells Fargo plans enhanced growth securities on iShares real estate
By Toni Weeks
San Diego, March 2 - Wells Fargo & Co. plans to price 0% enhanced growth securities with leveraged upside and fixed percentage buffered downside due April 2014 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 2 times any index gain, capped at a maximum return of 137% to 141%. Investors will receive par if the index declines by 15% or less and will share in any losses beyond that buffer.
The notes (Cusip: 94986RDC2) are expected to settle in April.
Wells Fargo Securities, LLC is the underwriter.
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