Wells Fargo to price six-year CDs linked to SGI WISE US Vol Target 8%

By Angela McDaniels

Tacoma, Wash., July 6 - Wells Fargo Bank, NA plans to price 0% market-linked certificates of deposit due July 29, 2016 linked to the SGI WISE US Vol Target 8% (USD-Excess Return) index, according to a term sheet.

The payout at maturity will be par plus 80% to 100% of any index gain. Investors will receive at least par.

The CDs (Cusip: 949748ZF7) are expected to price July 23 and settle July 30.

Incapital LLC is the distributor.

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