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Wells Fargo plans to price CDs due 2022 linked to GS Momentum Builder
By Marisa Wong
Morgantown, W.Va., Jan. 14 – Wells Fargo Bank, NA plans to price 0% certificates of deposit due July 29, 2022 linked to the GS Momentum Builder Multi-Asset 5 ER index, according to a term sheet.
If the index return is positive, the payout at maturity will be par plus 132.5% to 142.5% of the index return. If the index return is zero or negative, the payout will be par.
Incapital LLC is the distributor.
The CDs will price Jan. 26 and settle Jan. 29.
The Cusip number is 94986TWV5.
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