Wells plans seven-year CDs tied to SGI WISE US Vol Target 8% index

By Marisa Wong

Madison, Wis., Oct. 7 - Wells Fargo Bank, NA plans to price certificates of deposit due Oct. 31, 2017 linked to the SGI WISE US Vol Target 8% (USD-Excess Return) index, according to a term sheet.

The payout at maturity will be par plus any index gain in excess of a hurdle rate of 7% to 10.5%, with the exact percentage to be set at pricing.

Investors will receive at least par.

The CDs (Cusip: 949748ZZ3) will price on Oct. 25 and settle on Oct. 29.

Incapital LLC is the distributor.

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