Wells Fargo plans certificates of deposit linked to BRIC currencies

By Angela McDaniels

Tacoma, Wash., Sept. 1 - Wells Fargo Bank, NA plans to price 0% market-linked certificates of deposit due Sept. 29, 2017 linked to the performance of basket of currencies relative to the dollar, according to a term sheet.

The basket includes equal weights of the Brazilian real, the Russian ruble, the Indian rupee and the Chinese renminbi.

The payout at maturity will be par plus 1.8 times to 2.2 times the basket return, subject to a minimum payout of par The exact participation rate will be set at pricing.

The CDs (Cusip: 949748K71) will price Sept. 26 and settle Sept. 30.

Incapital LLC is the distributor.

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