Wells Fargo plans growth securities due 2015 linked to fund basket

By Susanna Moon

Chicago, April 4 - Wells Fargo & Co. plans to price 0% growth securities with upside participation and buffered downside due November 2015 linked to a basket of 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 50% weight, SPDR S&P MidCap 400 ETF Trust with a 25% weight and the iShares Russell 2000 index fund with a 25% weight.

The payout at maturity will be par plus 1.5 times any basket gain, up to a maximum return of 35% to 45%. The exact cap will be set at pricing.

Investors will receive par if the basket falls by up to 10% and will lose 1% for each 1% decline beyond 10%.

Wells Fargo Securities, LLC is the agent.

The notes will settle on May.

The Cusip number is 94986RJF9.

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