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Wells Fargo plans notes with geared buffered downside on Russell 2000
By Susanna Moon
Chicago, Feb. 10 - Wells Fargo & Co. plans to price equity-linked securities with geared buffered downside due February 2013 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a coupon, to be set at pricing, payable monthly.
If the index finishes at or above the threshold level, the payout at maturity will be par. The threshold level will be set at pricing.
Otherwise, investors will be fully exposed to any losses.
Wells Fargo Securities, LLC is the agent.
The notes will price in February.
The Cusip number is 94986RHN4.
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