Wells Fargo to price 1% growth securities linked to iShares Russell

By Angela McDaniels

Tacoma, Wash., July 3 - Wells Fargo & Co. plans to price 1% growth securities with leveraged upside participation to a cap and fixed percentage buffered downside due February 2017 linked to the iShares Russell 2000 index fund, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable semiannually.

If the ETF's final share price is greater than the initial share price, the payout at maturity will be par plus 150% of the ETF return, subject to a maximum return of 50% to 60% that will be set at pricing. Investors will receive par if the share price declines by 15% or less and will lose 1% for every 1% that it declines beyond 15%.

The notes will settle in August.

Wells Fargo Securities LLC is the agent.

The Cusip number is 94986RKT7.

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