Wells Fargo to price market-linked CDs tied to Euro Stoxx 50

By Marisa Wong

Morgantown, W.Va., May 23 – Wells Fargo Bank, NA plans to price 0% market-linked certificates of deposit due Sept. 2, 2022 with upside participation to a cap and deposit amount return at maturity linked to the Euro Stoxx 50 index, according to a term sheet.

The payout at maturity will be par plus any index gain, capped at 50% to 55%.

If the index falls, the payout will be par.

Advisors Asset Management is distributor.

The CDs will price on May 30.

The Cusip number is 95001UAU6.

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