Wells Fargo plans certificates of deposit linked to four currencies

By Jennifer Chiou

New York, Dec. 9 - Wells Fargo Bank, NA plans to price market-linked certificates of deposit due Dec. 30, 2016 linked to the performance of a basket of currencies relative to the U.S. dollar, according to a term sheet.

The equally weighted basket includes the Australian dollar, Brazilian real, Canadian dollar and Norwegian krone.

The payout at maturity will be par plus 1.8 to 2 times the basket return, subject to a minimum interest amount of 6%. The exact rate will be set at pricing.

The CDs (Cusip: 949748B227) are expected to price on Dec. 23 and settle on Dec. 31.

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