Wells Fargo plans CDs linked to GS Momentum Builder Multi-Asset 5

By Marisa Wong

Morgantown, W.Va., June 13 – Wells Fargo Bank, NA plans to price 0% certificates of deposit due Dec. 30, 2021 linked to the GS Momentum Builder Multi-Asset 5 ER index, according to a term sheet.

If the final index level is greater than the initial index level, the payout at maturity will be par plus 100% to 110% of the index return. The exact participation rate will be set at pricing. If the final index level is less than or equal to the initial index level, the payout will be par.

Incapital LLC is the distributor.

The CDs will price on June 27 and settle on June 30.

The Cusip number is 94986TZM2.

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