Wells Fargo plans four-year enhanced growth securities on commodities

By Marisa Wong

Madison, Wis., June 15 - Wells Fargo & Co. plans to price 0% enhanced growth securities due July 2015 linked to a commodity basket, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of gold, silver, platinum, aluminum, copper, lead, nickel, corn, wheat and soybeans, each with a 5% weight; cotton with a 6% weight; sugar and lean hogs with a 7% weight each; and WTI crude oil, Brent crude oil and RBOB gasoline, each with a 10% weight.

The payout at maturity will be par plus 1.2 to 1.3 times any basket gain. The exact upside participation rate will be set at pricing.

If the final basket level is less than the initial level, investors will lose 0.7% for every 1% basket decline.

The notes (Cusip: 94986REH0) will settle in July.

Wells Fargo Securities, LLC is the agent.

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