Wells Fargo plans growth securities due 2014 linked to Russell 2000

By Susanna Moon

Chicago, June 19 - Wells Fargo & Co. plans to price 0% growth securities with leveraged upside participation to a cap and fixed percentage buffered downside due June 2014 linked to the Russell 2000 index, 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 index, up to a maximum return of 32% to 35%. The exact cap will be set at pricing.

Investors will receive par if the index falls by up to 15% and will be exposed to losses beyond 15%.

Wells Fargo Securities, LLC is the agent.

The notes will price and settle in June.

The Cusip number is 94986RKK6.

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