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Wells Fargo plans seven-year market-linked CDs on MSCI World index
By Susanna Moon
Chicago, March 3 - Wells Fargo Bank, NA plans to price 0% market-linked certificates of deposit due March 28, 2018 linked to the MSCI World Index, according to a term sheet.
The payout at maturity will be par plus any index gain, which will be capped at $600 to $700 per $1,000 principal amount. The exact cap will be set at pricing.
If the index falls, the payout will be par.
Incapital LLC is the distributor.
The CDs will price on March 21 and settle on March 28.
The Cusip is 949748D46.
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