Wells Fargo plans six-year market-linked CDs linked to commodities

By Susanna Moon

Chicago, Nov. 10 - Wells Fargo Bank, NA plans to price contingent annual interest market-linked certificates of deposit due Nov. 30, 2015 based on a basket of equally weighted commodities and commodity indexes, according to a term sheet.

The underlying indexes are the S&P GSCI Crude Oil Index Excess Return, S&P GSCI Wheat Index Excess Return and S&P GSCI Livestock Index Excess Return, and the commodities are gasoline, sugar, soybeans, zinc, gold, platinum and nickel.

The payout at maturity will be par plus any basket gain, with a floor of negative 20% and a cap of 9% to 12%.

The CDs (Cusip 949748A56) are expected to price on Nov. 23 and settle on Nov. 30.

Incapital LLC is the distributor.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.