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Wells Fargo to price barrier return CDs linked to S&P 500 via Morgan Stanley
By Angela McDaniels
Tacoma, Wash., Feb. 2 - Wells Fargo Bank, NA plans to price 0% barrier return certificates of deposit due Aug. 31, 2012 linked to the S&P 500 index via Morgan Stanley & Co. Inc., according to an FWP filing with the Securities and Exchange Commission.
If the index never closes above the threshold level - 145% to 150% of the initial index level - during the life of the CDs, then the payout at maturity will be par plus any index gain. Otherwise, the payout will be par.
The exact threshold level will be set on the pricing date, which is expected to be Feb. 20.
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