Published on 4/28/2004 in the Prospect News Convertibles Daily.
New Issue: Wells Fargo prices $63 million 0.25% notes linked to Station Casinos
New York, April 28 - Wells Fargo & Co. priced $63 million 0.25% 10-year callable notes linked to the common stock of Station Casinos Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The securities are being offered direct to investors.
| Issuer: | Wells Fargo & Co.
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| Issue: | Callable senior notes
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| Underlying stock: | Station Casinos Inc.
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| Amount: | $63 million
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| Maturity: | April 29, 2014
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| Interest: | 0.25%
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| Price: | Par
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| Exchange price: | $56.79696 (compared to closing price of $47.84 on pricing date)
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| Exchange ratio: | 17.606577
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| Call: | April 26, 2007 onwards
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| Payout at maturity: | Greater of par or exchanged value
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| Pricing date: | April 26
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| Distribution: | Off shelf, direct to investors
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