Wells Fargo plans CDs linked to SGI WISE U.S. Vol Target 8% index

By Susanna Moon

Chicago, Oct. 6 - Wells Fargo Bank NA plans to issue certificates of deposit due Oct. 30, 2015 linked to the SGI WISE US Vol Target 8% (USD-Excess Return) index, according to a term sheet.

The coupon will be 0.9 to 1.1 times any gain on the index, subject to a floor of zero, with the exact rate to be set at pricing.

The payout at maturity will be par.

The CDs will price on Oct. 23 and settle on Oct. 30.

SG America Securities, LLC is the agent. Incapital is the distributor.

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