Wells Fargo plans enhanced growth notes linked to iShares Russell ETF

By Toni Weeks

San Diego, June 3 - Wells Fargo & Co. plans to price 0% enhanced growth securities with upside participation to a cap and fixed percentage buffered downside due January 2014 linked to the iShares Russell 2000 index fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of any gain in the fund, up to a maximum return of 25% to 30% that will be set at pricing.

Investors will receive par if the fund declines by 10% or less and will share in any losses beyond that buffer.

The notes (Cusip: 94986REC1) are expected to settle in July.

Wells Fargo Securities, LLC is the underwriter.

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