Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers W > Headlines for Wells Fargo Bank NA > News item |
Wells Fargo plans callable range accrual CDs linked to six-month Libor
By Susanna Moon
Chicago, Feb. 3 - Wells Fargo Bank, NA plans to price callable range accrual certificates of deposit due Feb. 28, 2023, according to a term sheet.
Interest will accrue at 5.5% per year on each day that six-month Libor is at or below 5.5%, payable quarterly.
The payout at maturity will be par.
The CDs will be callable at par on any quarterly redemption date beginning Feb. 28, 2014.
The CDs (Cusip 949748C54) will price on Feb. 22 and settle on Feb. 28.
© 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.