Wells Fargo plans enhanced growth securities on iShares MSCI EM fund

By Jennifer Chiou

New York, July 6 - Wells Fargo & Co. plans to price 0% enhanced growth securities with upside participation to a cap and fixed percentage buffered downside due February 2015 linked to 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 gain in the fund, capped at a maximum return of 33% to 38%. Investors will receive par if the fund declines by 15% or less and will share in any losses beyond that buffer.

The securities (Cusip: 94986REK3) will settle in August.

Wells Fargo Securities, LLC is the underwriter.

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