Wells Fargo to sell four-year market-linked CDs on four currencies

By Susanna Moon

Chicago, March 2 - Wells Fargo Bank, NA plans to price 0% market-linked certificates of deposit due March 31, 2014 based on the performance of an equally weighted currency basket relative to the dollar, according to a term sheet.

The underlying currencies are the Australian dollar, Brazilian real, Canadian dollar and Norwegian krone.

The payout at maturity will be par plus the greater of a 4% minimum interest amount and 100% to 120% of any basket gain, with the exact participation rate to be set at pricing.

The CDs will price on March 24 and settle on March 31.

Incapital LLC is the distributor.

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