Wells Fargo Bank to sell four-year CDs linked to BRIC currencies

By Susanna Moon

Chicago, Nov. 6 - Wells Fargo Bank, NA plans to price certificates of deposit due Nov. 29, 2013 linked to the performance of a basket of equally weighted currencies relative to the dollar, according to a term sheet.

The underlying currencies are the Brazilian real, Russian ruble, Indian rupee and Chinese renminbi.

The payout at maturity will be par plus 1 to 1.2 times any basket gain, with the exact participation rate to be set at pricing.

Investors will receive at least 4%.

The CDs will price on Nov. 20 and settle on Nov. 30.

Incapital is the distributor.

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