Wells Fargo Bank plans to price market-linked CDs tied to Euro Stoxx

By Sarah Lizee

Olympia, Wash., Dec. 5 – Wells Fargo Bank, NA plans to price 0% market-linked certificates of deposit due Dec. 27, 2023 with upside participation and deposit amount return at maturity linked to the Euro Stoxx 50 index, according to a term sheet.

The payout at maturity will be par plus 120% to 130% of any index gain. The exact participation rate will be set at pricing.

If the index falls, the payout will be par.

Incapital LLC is the distributor.

The CDs will price Dec. 21.

The Cusip number is 94986T7Y7.

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