Wells Fargo Bank plans to sell CDs due 2015 linked to price of gold

By Susanna Moon

Chicago, Nov. 9 - Wells Fargo Bank, NA plans to price certificates of deposit due Nov. 30, 2015 linked to the price of gold, according to a term sheet.

The payout at maturity will be par plus any gain in the price of gold, up to a maximum payout of $1,630 to $1,730 per $1,000 deposit. The exact cap will be set at pricing.

Investors will receive at least par.

The CDs will price on Nov. 20 and settle on Nov. 30.

Incapital LLC is the distributor.

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