Laserfiche WebLink
6,247 <br /> • <br /> WELLS CONFIRMATION <br /> FARGO <br /> Certificate of Deposit Disclosure Statement Summary <br /> Wells Fargo Advisors is providing this summary of the firm's Certificate of Deposit Disclosure Statement <br /> as a result of your recent purchase of a Certificate of Deposit through Wells Fargo Advisors. You should <br /> review the full disclosure at www.wellsfargoadvisors.com/disclosures or contact your Financial Advisor <br /> for a copy. This summary highlights risks associated with certain types of CDs, including the risk of loss of <br /> principal, call risk and FDIC insurance limits. Terms of individual CDs vary. <br /> Certificate of Deposits Available Through Wells Fargo Advisors <br /> Wells Fargo Advisors makes CDs available to its clients pursuant to an arrangement between Wells Fargo <br /> Advisors and another bank. Each CD is a direct obligation of the issuing bank or broker-dealer (Issuer) <br /> and is neither directly nor indirectly an obligation of Wells Fargo Advisors. Wells Fargo Advisors does not <br /> guarantee in any way the financial condition of any Issuer or the accuracy of any financial information <br /> provided by the Issuer. <br /> Terms of CDs <br /> The maturities, rates of interest and interest payment terms of CDs available through Wells Fargo <br /> Advisors vary. You should review carefully the trade confirmation and any supplement to the Certificate of <br /> Deposit Disclosure Statement for a description of the terms of the CD you purchased. You should also <br /> review the investment considerations discussed under the section headed "Important Investment <br /> Considerations" in the Disclosure Statement. If you have questions regarding the specific terms of the <br /> CD or the Disclosure Statement, please contact your Financial Advisor. <br /> The CD will mature on the date indicated on the trade confirmation. It will not be automatically renewed or <br /> rolled over and interest on the CD will not continue to accrue after maturity. The CD balance will be <br /> IMMIONONII credited to your Wells Fargo Advisors account at maturity. In certain limited circumstances, Wells Fargo <br /> Advisors may sell new issue CDs for an amount less than the stated deposit amount ("rebate") at the <br /> initial offering. <br /> Important Investment Considerations <br /> Buy and Hold. CDs are most suitable for purchasing and holding until maturity. If you are able to sell your <br /> CD prior to maturity in a secondary market transaction, you may receive less than either the original par <br /> amount, the amount you paid, or the estimated price reflected on your statement. <br /> Compare Features. You should compare the features of a CD to other CDs and available investments <br /> before buying. <br /> Callable CDs. Some CDs may be subject to redemption prior to maturity, or called, at the sole discretion <br /> of the Issuer. Your confirmation will specify call dates for your CD. If the CD is called, you will be paid the <br /> outstanding principal amount together with interest accrued or accreted, up to, but not including, the call <br /> date. Callable CDs present different investment considerations. You should review the "Important <br /> Investment Considerations" section in the Disclosure Statement. <br /> Reinvestment Risk. If your CD is paid off prior to maturity for any reason, including voluntary early <br /> withdrawal or exercise of a call provision by the Issuer, you may be unable to invest at an interest rate <br /> equal to the rate earned on the original CD. <br /> Variable Rate CDs. Variable rate CDs, including step-rate or floating rate CDs, present different <br /> investment considerations than fixed rate CDs. 1)The step rate on a brokered CD may be below or above <br /> then-prevailing market rates. 2) They're subject to secondary market risk. 3) They often will include a call <br /> provision by the issuing depository institution that would subject them to reinvestment risk. 4) The initial <br /> rate cannot be used to calculate the yield to maturity. <br /> Insolvency of the Issuer. In the event the Issuer approaches insolvency or becomes insolvent, it may be <br /> placed in regulatory conservatorship or receivership with the Federal Deposit Insurance Corporation <br /> (FDIC). The FDIC may pay off CDs prior to maturity or transfer the CDs to another institution. If <br /> transferred, you may be offered a choice of retaining the CDs at a lower rate or having the CDs paid off. <br /> Trades are subject to cancelation, in the event of a bank failure during the time period between trade date <br /> and settlement date, as the seller remains holder of record until settlement date, and the investor would <br /> then be subject to the FDIC process. <br /> Please review the section headed "Deposit Insurance: General" and "Payments Under Adverse <br /> Circumstances" in the Disclosure Statement. <br /> PCG13111 0157/2 111042120213 NNNNN NNNNN NNNNNNNN 00000? Page 3 of <br />