Wells Fargo has launched its first US retail product offering exposure to the MSCI World Index.
The seven-year capital-guaranteed structured deposit is a capped call growth structure linked to the performance of the MSCI World index with 100% participation up to a cap of 160%-170% (to be confirmed). The deposit will strike on 28 March.
Wells Fargo has launched ten CDs since January, with an estimated sales volume of $100m. According to SRP, JPMorgan has been the most active provider of products linked to MSCI World since 2006, with 17 products, followed by Morgan Stanley (3) and Goldman Sachs (2). Swedish Export Credit, RBC, Citigroup, Barclays, Bank of America and Wells Fargo have all launched one product.
The product will be available for subscription until 21 March. Minimum deposit is $1,000.
This product is available now in Recent Additions (US).