Published on 6/28/2012 in the Prospect News Structured Products Daily.
New Issue: Wells Fargo prices $11.75 million floating-rate notes due 2015
By Jennifer Chiou
New York, June 28 - Wells Fargo & Co. priced $11.75 million of 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.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Floating-rate notes
|
| Amount: | $11.75 million
|
| Maturity: | June 29, 2015
|
| Coupon: | Libor plus 40 basis points, subject to maximum coupon of 4%; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing date: | June 26
|
| Settlement date: | June 29
|
| Agent: | Wells Fargo Securities, LLC
|
| Fees: | 0.55%
|
| Cusip: | 94986RKL4
|
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