Wells Fargo to price enhanced growth notes linked to commodities

By Angela McDaniels

Tacoma, Wash., July 7 - Wells Fargo & Co. plans to price 0% enhanced growth securities due August 2015 linked to a commodity basket, according to a 424B2 filing with the Securities and Exchange Commission.

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

If the final basket level is greater than the initial level, the payout at maturity will be par plus 120% to 130% of the gain. The exact 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% that the basket declines.

The notes (Cusip: 94986RER8) will settle in August.

Wells Fargo Securities, LLC is the agent.

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