SocGen launches into US deposit space with Wells Fargo certificate

The CDs, which will price on August 24, last six years and will pay either 100 or 110% participation in the index, with the exact level to be set at pricing. Capital is protected in full at maturity, and covered by the Federal Deposit Insurance Corp up to a value of US$250,000 in the case of Wells Fargo's insolvency.

Wise is a market neutral proprietary model which was invented by SG in 2000. The index used in the CD is a volatility overlay built on a the SGI Wise US Long Short Index, constructe

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