E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 3/3/2011 in the Prospect News Structured Products Daily.

Wells Fargo plans seven-year market-linked CDs on DJ - UBS Commodity

By Susanna Moon

Chicago, March 3 - Wells Fargo Bank, NA plans to price 0% market-linked certificates of deposit due March 28, 2018 linked to the Dow Jones - UBS Commodity Index, according to a term sheet.

The payout at maturity will be par plus any index gain, capped at a return of $1050 to $1200 per $1,000 principal amount. The exact cap will be set at pricing.

If the index falls, the payout will be par.

Incapital LLC is the distributor.

The CDs will price on March 21 and settle on March 28.

The Cusip is 949748D53.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.