By Susanna Moon
Chicago, June 29 - Wells Fargo & Co. priced $4 million of floating-rate notes due June 30, 2021, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon will be Libor plus 100 basis points, with a minimum rate of 2% and a maximum rate of 6%. 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: | $4 million
|
| Maturity: | June 30, 2021
|
| Coupon: | Libor plus 100 bps, floor of 2% and capped at 6%; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing date: | June 27
|
| Settlement date: | June 30
|
| Agent: | Wells Fargo Securities LLC
|
| Fees: | 2%
|
| Cusip: | 94986REG2
|
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