Wells Fargo to price CDs due 2024 linked to GS Momentum Builder

By Marisa Wong

Morgantown, W.Va., April 23 – Wells Fargo Bank, NA plans to price 0% certificates of deposit due April 30, 2024 linked to the GS Momentum Builder Multi-Asset 5S ER index, according to a term sheet.

The payout at maturity will be par plus 190% to 200% of any index gain, with the exact participation rate to be set at pricing. If the index falls, the payout will be par.

Incapital LLC is the distributor.

The CDs will price April 25.

The Cusip number is 94986T5C7.

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