Wells Fargo plans 3.5-year access securities linked to commodities

By Jennifer Chiou

New York, Jan. 7 - Wells Fargo & Co. plans to price 0% access securities due August 2014 linked to five equally weighted commodities, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying commodities are crude oil, platinum, copper, corn and cotton.

The payout at maturity will be par plus 100% to 120% of any basket gain, with the exact participation rate to be set at pricing.

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

The notes (Cusip: 94986RCJ8) will settle in February.

Wells Fargo Securities, LLC is the agent.

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