Wells Fargo plans buffered growth securities on MSCI EAFE index fund

By Toni Weeks

San Diego, April 12 - Wells Fargo & Co. plans to price 0% growth securities with capped upside and fixed percentage buffered downside due Oct. 30, 2013 linked to the MSCI EAFE index fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any gain in the fund, subject to a maximum return of 17% to 21%. The exact maximum return will be set at pricing.

Investors will receive par if the fund declines by up to 12.5% and will be exposed to losses beyond the 12.5% buffer.

The notes (Cusip: 94986RJL6) are expected to price April 25 and settle April 30.

Wells Fargo Securities, LLC is the agent.

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