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Wells Fargo Bank to price market-linked CDs tied to Euro Stoxx 50
By Marisa Wong
Los Angeles, July 24 – Wells Fargo Bank, NA plans to price 0% market-linked certificates of deposit due Jan. 31, 2024 with upside participation 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 par plus 40% to 45%. The exact cap will be set at pricing.
If the index falls, the payout will be par.
Advisors Asset Management is distributor.
The CDs will price July 26.
The Cusip number is 95001UBR2.
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