Wells Fargo to sell six-year market-linked CDs tied to SGI WISE index

By Susanna Moon

Chicago, Dec. 18 - Wells Fargo Bank, NA plans to price market-linked certificates of deposit due Jan. 22, 2016 based on the SGI WISE US index, according to a term sheet.

The payout at maturity will be par plus 90% to 110% of any gain in the index, with the exact participation rate to be set at pricing.

Investors will receive at least par.

The CDs will price on Jan. 22 and settle on Jan. 29.

SG Americas Securities, LLC and Advisors Asset Management, Inc. are the distributors.

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