Wells Fargo to price enhanced growth securities linked to ETF basket

By Jennifer Chiou

New York, Oct. 5 - Wells Fargo & Co. plans to price 0% enhanced growth securities due May 2014 linked to a basket of exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes 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 1.25 times any basket gain, up to a maximum return of 37% to 44%. The exact cap will be set at pricing.

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

The securities (Cusip: 94986RBE0) will settle in November.

Wells Fargo Securities, LLC is the agent.

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