Wells Fargo plans CDs linked to SGI WISE U.S. Vol Target 8% index

By Jennifer Chiou

New York, Feb. 3 - Wells Fargo Bank NA plans to issue certificates of deposit due Feb. 26, 2016 linked to the SGI WISE US Vol Target 8% (USD-Excess Return) index, according to a term sheet.

The coupon will be 0.9 to 1.1 times any gain on the index, subject to a floor of zero, with the exact rate to be set at pricing.

The payout at maturity will be par.

The CDs will price on Feb. 19 and settle on Feb. 26.

SG America Securities, LLC is the agent. Advisors Asset Management, Inc. 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.