Wells Fargo plans market-linked CDs tied to BRIC currency basket

By Toni Weeks

San Diego, Feb. 1 - Wells Fargo Bank, NA plans to price market-linked certificates of deposit due Aug. 27, 2018 linked to an equally weighted basket of four exchange rates relative to the dollar, according to a pricing sheet.

The basket consists of the Brazilian real, the Russian ruble, the Indian rupee and the Chinese renminbi.

The payout at maturity will be par plus 170% to 200% of any gain in the basket. The exact participation rate will be set at pricing.

Investors will receive a minimum of par.

The CDs (Cusip: 949748N37) are expected to price Feb. 17 and settle Feb. 27.

The distributor is Incapital LLC.

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