By Toni Weeks
San Diego, May 2 - Wells Fargo & Co. priced $2 million of floating-rate notes due May 6, 2019 linked to the Consumer Price Index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly and will be equal to the year-over-year change in the Consumer Price Index plus 70 basis points, subject to a floor of 0% and a cap of 8.5%.
The payout at maturity will be par.
Wells Fargo Securities, LLC will be the agent.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Floating-rate notes
|
| Underlying index: | Consumer Price Index
|
| Amount: | $2 million
|
| Maturity: | May 6, 2019
|
| Coupon: | Year-over-year change in Consumer Price Index plus 70 bps, subject to floor of 0% and cap of 8.5%; payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing date: | April 29
|
| Settlement date: | May 6
|
| Agent: | Wells Fargo Securities, LLC
|
| Fees: | 0.15%
|
| Cusip: | 94986RDN8
|
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