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Published on 7/31/2023 in the Prospect News Structured Products Daily.

New Issue: Wells Fargo sells $5.43 million of 5.7% fixed-rate callable notes

By William Gullotti

Buffalo, N.Y., July 31 – Wells Fargo & Co. priced $5.43 million of 5.7% fixed-rate callable notes due July 27, 2033, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable semiannually.

The notes will be callable at par semiannually after two years.

The payout at maturity will be par.

Wells Fargo Securities LLC is the agent.

Issuer:Wells Fargo & Co.
Issue:Fixed-rate callable notes
Amount:$5,429,000
Maturity:July 27, 2033
Coupon:5.7% per annum; payable semiannually
Price:Par
Payout at maturity:Par
Call option:Semiannually at par after two years
Pricing date:July 25
Settlement date:July 27
Agent:Wells Fargo Securities, LLC
Fees:1.5%
Cusip:95001DDN7

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