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

By Jennifer Chiou

New York, Sept. 13 - Wells Fargo Bank, NA plans to price certificates of deposit due Sept. 30, 2016 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 interest, which will be calculated using par plus 65% of the index return, with a floor of zero.

The exact participation rate will be set at pricing.

Investors will receive at least par.

The CDs (Cusip: 949748ZT7) will price on Sept. 23 and settle on Sept. 30.

Incapital LLC is the distributor.

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