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Wells Fargo to price six-year CDs linked to Dow Jones - UBS Commodity
By Angela McDaniels
Tacoma, Wash., June 3 - Wells Fargo Bank, NA plans to price 0% market-linked certificates of deposit due June 30, 2016 linked to the Dow Jones - UBS Commodity index, according to a term sheet.
The payout at maturity will be par plus any index gain, subject to a maximum return of 55% to 65% that will be set at pricing. Investors will receive at least par.
The CDs (Cusip: 949748YT8) are expected to price June 23 and settle June 30.
Incapital LLC is the distributor.
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