By Susanna Moon
Chicago, June 29 - Wells Fargo & Co. priced $13 million of floating-rate notes due June 30, 2016, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon will be Libor plus 50 basis points, with a minimum rate of 1.25% and a maximum rate of 4.5%. Interest is payable quarterly.
The payout at maturity will be par plus accrued interest.
Wells Fargo Securities LLC is the agent.
Issuer: | Wells Fargo & Co.
|
Issue: | Floating-rate notes
|
Amount: | $13 million
|
Maturity: | June 30, 2016
|
Coupon: | Libor plus 50 bps, floor of 1.25% and cap of 4.5%; payable quarterly
|
Price: | Par
|
Payout at maturity: | Par
|
Pricing date: | June 27
|
Settlement date: | June 30
|
Agent: | Wells Fargo Securities LLC
|
Fees: | 1%
|
Cusip: | 94986REE7
|
© 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.