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Wells Fargo plans CDs linked to Dow Jones - UBS Commodity index
By Jennifer Chiou
New York, Oct. 29 - Wells Fargo Bank NA plans to issue certificates of deposit due Nov. 30, 2015 linked to the Dow Jones - UBS Commodity index, according to a term sheet.
The coupon will be payable at maturity and will be equal to any gain on the index, subject to a cap of 60% to 70% and a floor of zero, with the precise cap to be set at pricing.
The payout at maturity will be par.
The CDs will price on Nov. 20 and settle on Nov. 30.
Wells Fargo & Co. is the agent.
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