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Wells Fargo plans market-linked CDs linked to Euro Stoxx 50
By Sarah Lizee
Olympia, Wash., June 19 – Wells Fargo Bank, NA plans to price 0% market-linked certificates of deposit due Jan. 3, 2023 with upside participation to a cap and deposit amount return at maturity linked to the Euro Stoxx 50 index, according to a term sheet.
The payout at maturity will be par plus any index gain, capped at 50% to 55%.
If the index falls, the payout will be par.
Advisors Asset Management is distributor.
The CDs will price on June 27.
The Cusip number is 95001UBA9.
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