Wells Fargo to sell six-year market-linked CDs tied to SGI WISE index

By Susanna Moon

Chicago, March 30 - Wells Fargo Bank, NA plans to price 0% market-linked certificates of deposit due April 29, 2016 based on the SGI WISE US index, according to a term sheet.

The payout at maturity will be par plus 100% to 110% of any gain in the index, with the exact participation rate to be set at pricing.

Investors will receive at least par.

The CDs will price on April 23 and settle on April 30.

Incapital LLC and Advisors Asset Management, Inc. are the distributors.

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