Published on 3/18/2024 in the Prospect News Structured Products Daily.
New Issue: Wells Fargo prices $3.3 million step-up callable notes
New York, March 18 – Wells Fargo & Co. priced $3.3 million of step-up callable notes due March 6, 2031, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon will be 5.35%, stepping up to 5.6% on March 6, 2027 and stepping up to 6% on March 6, 2029.
The notes are callable starting on Sept. 6, 2025 and on any subsequent semiannual call date.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Step-up callable notes
|
| Amount: | $3,304,000
|
| Maturity: | March 6, 2031
|
| Coupon: | 5.35% starting on March 6, steps up to 5.6% starting on March 6, 2027, steps up to 6% starting on March 6, 2029
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call: | Starting on Sept. 6, 2025 and on any subsequent semiannual call date
|
| Pricing date: | March 4
|
| Settlement date: | March 6
|
| Agent: | Wells Fargo Securities, LLC
|
| Fees: | 0.9%
|
| Cusip: | 95001DFK1
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
