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 plans to price seven-year CDs linked to S&P 500 index
By Susanna Moon
Chicago, July 16 – Wells Fargo Bank, NA plans to price certificates of deposit due Aug. 2, 2022 linked to the S&P 500 index, according to a term sheet.
The payout at maturity will be par plus the greater of the minimum interest of 10.5% and any interest.
The exact deal terms will be set at pricing.
Incapital LLC is the distributor.
The notes will price on July 28 and settle on July 31.
The Cusip number is 94986TUM7.
© 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.