Wells Fargo Bank to price CDs linked to Dow Jones Industrial Average

By Marisa Wong

Madison, Wis., April 4 - Wells Fargo Bank, NA plans to price 0% certificates of deposit due April 28, 2017 linked to the Dow Jones Industrial Average, according to a term sheet.

The payout at maturity will be par plus the greater of the index return and the minimum return, which is expected to be 6% to 9% and will be set at pricing.

The final index level used to calculate the return will be the average of the index's closing levels on April 25 and Oct. 25 of each year from Oct. 25, 2011 to April 25, 2017.

The CDs (Cusip: 949748E52) are expected to price April 25 and settle April 29.

Incapital LLC is the distributor.

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