Wells Fargo plans access securities linked to basket of indexes, ETFs

By Toni Weeks

San Luis Obispo, Calif., June 11 - Wells Fargo & Co. plans to price 0% access securities with upside participation and fixed percentage buffered downside due July 10, 2017 linked to a basket of equity indexes and exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the S&P 500 index with a 70% weight, the iShares MSCI EAFE index fund with a 15% weight, the S&P MidCap 400 index with an 8% weight, the iShares MSCI Emerging Markets index fund with a 4% weight and the Russell 2000 index with a 3% weight.

If the basket return is positive, the payout at maturity will be par plus 103% to 113% of the basket return. The exact participation rate will be set at pricing.

Investors will receive par if the basket declines by up to 15% and will be exposed to any losses beyond the 15% buffer.

The notes (Cusip: 94986RQG9) are expected to price July 3 and settle July 9.

Wells Fargo Securities, LLC is the agent.

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