Wells Fargo plans six-year growth securities tied to commodity basket

By Marisa Wong

Madison, Wis., Feb. 27 - Wells Fargo & Co. plans to price 0% growth securities due September 2018 linked to a basket of commodities, according to a 424B2 filing with the Securities and Exchange Commission.

The equally weighted basket consists of silver, copper, nickel, corn futures, sugar futures, soybean futures, crude oil futures and gasoline futures.

The payout at maturity will be par plus 240% to 250% of any gain in the basket, up to a maximum return of 46%. The exact participation rate will be set at pricing.

Investors will receive at least par.

Wells Fargo Securities, LLC is the agent.

The notes (Cusip: 94986RHR5) will settle in March.

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