Wells Fargo plans buffered access securities tied to Nikkei 225 index

By Toni Weeks

San Diego, Sept. 11 - Wells Fargo & Co. plans to price 0% access securities with upside participation to a cap and fixed percentage buffered downside due March 2016 linked to the Nikkei 225 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus the index return, subject to a maximum return of 38% to 42% that will be set at pricing.

Investors will receive par if the index falls by up to 20% and will be exposed to any losses beyond the 20% buffer.

The notes (Cusip: 94986RLL3) are expected to price and settle in September.

Wells Fargo Securities, LLC is the agent.

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