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Wells Fargo to price six-year CDs linked to Dow Jones - UBS Commodity
By Angela McDaniels
Tacoma, Wash., March 1 - Wells Fargo Bank, NA plans to price 0% market-linked certificates of deposit due March 31, 2016 linked to the Dow Jones - UBS Commodity index, according to a term sheet.
The payout at maturity will be par plus the index return, subject to a maximum return of 55% and a minimum return of 5% to 6%. The exact minimum will be set at pricing.
The CDs are expected to price March 24 and settle March 31.
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