Wells Fargo plans to price access securities linked to four ETFs

By Angela McDaniels

Tacoma, Wash., Sept. 27 - Wells Fargo & Co. plans to price 0% access securities due March 2012 linked to a basket of exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.

The equally weighted basket includes the iShares MSCI EAFE index fund, the iShares Russell 2000 index fund, the SPDR S&P 500 ETF trust and the SPDR S&P MidCap 400 ETF trust.

If the final basket level is greater than the initial basket level, the payout at maturity will be par plus the lesser of the basket return and the capped value, which is expected to be 14% to 16% and will be set at pricing. Investors will receive par if the basket declines by 15% or less and will lose 1.17647% for every 1% that it declines beyond 15%.

The notes (Cusip 94986RBD2) are expected to price and settle in September.

Wells Fargo Securities LLC is the agent.

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