Wells Fargo Bank plans seven-year CDs with 85% cap tied to Euro Stoxx

By Marisa Wong

Morgantown, W.Va., June 19 – Wells Fargo Bank, NA plans to price 0% certificates of deposit due July 2, 2024 linked to the Euro Stoxx 50 index, according to a term sheet.

The payout at maturity will be par plus any index gain, up to a maximum return of at least 85%. 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 June 27.

The Cusip number is 94986TV20.

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