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Wells Fargo plans market-linked notes due 2016 tied to currency basket
By Susanna Moon
Chicago, Feb. 9 - Wells Fargo & Co. plans to price 0% market-linked notes due September 2016 linked to a basket of currencies, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying currencies are the Australian dollar, the Norwegian krone and the Canadian dollar, each weighted at about one-third and relative to the U.S. dollar.
The payout at maturity will be par plus any basket gain, with a minimum return of 2% to 4%. The exact floor will be set at pricing.
If the basket falls, the payout will be equal to the minimum return.
Wells Fargo Securities, LLC is the agent.
The notes will settle in March.
The Cusip is 94986RHM6.
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