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Wells Fargo plans CDs linked to GS Momentum Builder Multi-Asset 5
By Wendy Van Sickle
Columbus, Ohio, May 9 – Wells Fargo Bank, NA plans to price 0% certificates of deposit due May 31, 2022 linked to the GS Momentum Builder Multi-Asset 5 ER index, according to a term sheet.
If the final index level is greater than the initial index level, the payout at maturity will be par plus 100% to 115% of the index return. The exact participation rate will be set at pricing. If the final index level is less than or equal to the initial index level, the payout will be par.
Incapital LLC is the distributor.
The CDs will price on May 25 and settle on May 31.
The Cusip number is 94986TZB6.
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