Wells Fargo plans to price market-linked notes tied to currency basket

By Toni Weeks

San Diego, April 5 - Wells Fargo & Co. plans to price 0% market-linked notes due November 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 minimum return will be set at pricing.

If the basket falls, the payout will be equal to the minimum return.

The notes (Cusip: 94986RJJ1) will settle in May.

Wells Fargo Securities, LLC is the agent.

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