Wells Fargo to price buffered jump securities tied to Brent crude oil

By Jennifer Chiou

New York, Sept. 14 - Wells Fargo & Co. plans to price 0% buffered jump securities due September 2015 linked to the performance of Brent blend crude oil, according to a 424B2 filing with the Securities and Exchange Commission.

If the final price of oil is at or greater than the initial price, the payout at maturity will be par plus the greater of the percentage change in the price and the contingent minimum return of 12% to 15%.

Investors will receive par if the price declines by 15% or less and will lose 1% for every 1% that the price declines beyond 15%.

The notes (Cusip: 94986RLN9) will price and settle in September.

Wells Fargo Securities, LLC is the agent.

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