Wells Fargo to price growth securities linked to iShares MSCI EM

By Angela McDaniels

Tacoma, Wash., July 3 - Wells Fargo & Co. plans to price 0% growth securities with leveraged upside participation to a cap and fixed percentage buffered downside due February 2016 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

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 37% to 47% 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 94986RKQ3.

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