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Wells Fargo plans seven-year market-linked CDs on DJ - UBS Commodity
By Susanna Moon
Chicago, June 29 - Wells Fargo Bank, NA plans to price 0% market-linked certificates of deposit due July 31, 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, up to a maximum return of $650 to $750 per $1,000 principal amount. The exact cap will be set at pricing.
Incapital LLC is the distributor.
The CDs will price on July 25 and settle on July 29.
The Cusip is 949748J32.
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