Wells Fargo plans to price three-year floating-rate notes with 4% cap

By Susanna Moon

Chicago, June 19 - Wells Fargo & Co. plans to price floating-rate notes due June 29, 2015, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon will be equal to Libor plus 40 basis points, up to a maximum rate of 4%. Interest is payable quarterly.

The payout at maturity will be par.

Wells Fargo Securities, LLC is the agent.

The notes will price on June 26 and settle on June 29.

The Cusip number is 94986RKL4.

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