Published on 1/9/2024 in the Prospect News Structured Products Daily.
New Issue: Wells Fargo prices $7.47 million step-up callable notes due 2026
New York, Jan. 9 – Wells Fargo & Co. priced $7.47 million of step-up callable notes due Dec. 13, 2026, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon will be 5.4% initially, stepping up to 5.6% on Dec. 13, 2024 and 6% on Dec. 13, 2025.
The notes are callable starting on Dec. 13, 2024 at par and on any subsequent semi-annual call date.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo & Co.
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| Issue: | Step-up callable notes
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| Amount: | $7,474,000
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| Maturity: | Dec. 13, 2026
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| Coupon: | 5.4% initially, stepping up to 5.6% on Dec. 13, 2024 and 6% on Dec. 13, 2025
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| Price: | Par
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| Payout at maturity: | Par
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| Call: | Starting on Dec. 13, 2024 at par and on any subsequent semi-annual call date
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| Pricing date: | Dec. 11
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| Settlement date: | Dec. 13
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| Agent: | Wells Fargo Securities, LLC
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| Fees: | 0.35%
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| Cusip: | 95001DEP1
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