Wells Fargo plans contingent interest market-linked notes on 16 stocks

By Susanna Moon

Chicago, Jan. 5 - Wells Fargo Bank, NA plans to price 0% contingent annual interest market-linked notes due Jan. 31, 2017 linked to a basket of 16 equally weighted stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying companies are Alcoa Inc., Home Depot, American Express Co., Intel Corp., Apple Inc., Lockheed Martin Corp., AT&T Inc., Merck & Co., Inc., Bank of America Corp., Philip Morris International Inc., Eli Lilly and Co., Schlumberger NV, Exelon Corp., Verizon Communications Inc., General Electric Co. and Wal-Mart Stores, Inc.

Any annual interest payments will be based on the sum of the component returns of the basket, with each component return equal to a fixed component return of 7% to 10% if the stock never dips. It will never be less than the component return floor of negative 30%.

The payout at maturity will be par plus accrued interest.

The notes (Cusip 949748B55) will price on Jan. 24 and settle on Jan. 31.

Wells Fargo Securities, LLC is the agent. Incapital LLC is the distributor.

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