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Wells Fargo intends to price six-year fixed-to-floating notes
By Devika Patel
Knoxville, Tenn., April 23 – Wells Fargo & Co. plans to conduct an offering of six-year fixed-to-floating rate notes due April 2026, according to a 424B2 filed with the Securities and Exchange Commission.
Interest will accrue at a fixed rate initially, then at a rate based on the SOFR.
The notes feature a make-whole call until April 2025 and then a par call.
The notes will price and settle in April.
Wells Fargo Securities LLC is the bookrunner.
The bank is based in San Francisco.
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