Wells Fargo to price market-linked CDs tied to four-currency basket

By Toni Weeks

San Diego, Feb. 3 - Wells Fargo Bank, NA plans to price market-linked certificates of deposit due Feb. 28, 2018 linked to an equally weighted basket of four exchange rates relative to the dollar, according to a pricing sheet.

The basket consists of the Brazilian real, the Russian ruble, the Indian rupee and the Australian dollar.

If the basket gains, investors will receive par plus the greater of the basket return and the contingent minimum interest amount of 20% to 22%. Otherwise, investors will receive par. The exact contingent minimum interest amount will be determined at pricing.

The CDs (Cusip: 949748N29) are expected to price Feb. 22 and settle Feb. 28.

The distributor is Advisors Asset Management, Inc.

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