Wells Fargo plans six-year CDs on SGI WISE US Vol Target 8% index

By Susanna Moon

Chicago, Sept. 1 - Wells Fargo Bank, NA plans to price certificates of deposit due Sept. 29, 2017 based on 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 plus 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 949748ZS9) will price on Sept. 23 and settle on Sept. 30.

Incapital LLC and Advisors Asset Management, Inc. are the distributors.

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