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Wells Fargo plans seven-year market-linked CDs on DJ - UBS Commodity
By Susanna Moon
Chicago, June 2 - Wells Fargo Bank, NA plans to price market-linked certificates of deposit due June 26, 2018 linked to the Dow Jones - UBS Commodity index, according to a term sheet.
The payout at maturity will be par plus any index gain, capped at a return of 75% to 85%. The exact cap will be set at pricing.
If the index falls, the payout will be par.
Wells Fargo Securities, LLC is the agent. Incapital LLC is the distributor.
The notes will price on June 20 and settle on June 24.
The Cusip is 949748H59.
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