Wells Fargo to price barrier return rebate CDs linked to Russell 2000

By Marisa Wong

Madison, Wis., Feb. 8 - Wells Fargo Bank, NA plans to price 0% barrier return rebate certificates of deposit due Aug. 31, 2018 linked to the Russell 2000 index, according to a term sheet.

If the final index level is greater than the threshold level - 155% to 165% of the initial level - the payout at maturity will be par plus 10%. Otherwise, the payout will be par plus the index return, subject to a floor of par.

The exact threshold level will be set at pricing.

The CDs (Cusip: 949748N52) are expected to price Feb. 23 and settle Feb. 29.

Incapital LLC is the distributor.

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