Wells Fargo plans growth securities due 2017 linked to fund basket

By Susanna Moon

Chicago, June 5 - Wells Fargo & Co. plans to price 0% growth securities with leveraged capped upside and fixed percentage buffered downside due January 2017 linked to a basket of four funds, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the SPDR S&P 500 ETF Trust with a 45% weight, the iShares Russell 2000 index fund with a 20% weight, the iShares MSCI EAFE index fund with a 20% weight and the iShares MSCI Emerging Markets index fund with a 15% weight.

The payout at maturity will be par plus 1.5 times any gain in the basket, up to a maximum return of 47% to 57%. The exact cap will be set at pricing.

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

Wells Fargo Securities, LLC is the agent.

The notes will settle in July.

The Cusip number is 94986RKD2.

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