New Issue: Wells Fargo prices $35.71 million step-up callable notes due 2030 with 3% initial rate

By Angela McDaniels

Tacoma, Wash., Jan. 29 - Wells Fargo & Co. priced $35.71 million of step-up callable notes due Jan. 30, 2030, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate is 3% in years one through five, 3.25% in years six through 10, 3.75% in years 11 through 13, 4.5% in years 14 and 15 and 6% in years 16 and 17. Interest is payable quarterly.

The payout at maturity will be par.

The notes will be callable at par on any interest payment date after five years.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Step-up callable notes
Amount:	$35,709,000
Maturity:	Jan. 30, 2030
Coupon:	3% in years one through five, 3.25% in years six through 10, 3.75% in years 11 through 13, 4.5% in years 14 and 15 and 6% in years 16 and 17; payable quarterly
Price:	Par
Payout at maturity:	Par
Call option:	At par on any interest payment date from Jan. 30, 2018 onward
Pricing date:	Jan. 25
Settlement date:	Jan. 30
Agent:	Wells Fargo Securities, LLC
Fees:	1.85%
Cusip:	94986RMZ1

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