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Wells Fargo plans growth securities due 2016 linked to iShares MSCI EM
By Susanna Moon
Chicago, June 5 - Wells Fargo & Co. plans to price 0% growth securities with leveraged capped upside and fixed percentage buffered downside due January 2016 linked to the iShares MSCI Emerging Markets 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, up to a maximum return of 37% to 47%. The exact cap will be set at pricing.
Investors will receive par if the shares fall by up to 15% and will be exposed to losses beyond the 15% buffer.
Wells Fargo Securities, LLC is the agent.
The notes will settle in July.
The Cusip number is 94986RKA8.
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