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 Bank to price seven-year CDs linked to S&P 500 index
By Angela McDaniels
Tacoma, Wash., Aug. 5 - Wells Fargo Bank, NA plans to price 0% certificates of deposit due Aug. 31, 2018 linked to the S&P 500 index, according to a term sheet.
The payout at maturity will be par plus the index return, subject to a minimum payout of par and a maximum payout of $1,420 to $1,450 per $1,000 principal amount. The exact cap will be set at pricing.
The CDs (Cusip: 949748K22) are expected to price Aug. 24 and settle Aug. 31.
Incapital LLC is the distributor.
© 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.