By Jennifer Chiou
New York, Dec. 10 - Wells Fargo & Co. priced $15 million of floating-rate notes due Dec. 11, 2023 linked to the Consumer Price Index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly and will be equal to the year-over-year change in the Consumer Price Index plus 85 bps, subject to a floor of zero.
The payout at maturity will be par.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Floating-rate notes
|
| Underlying index: | Consumer Price Index
|
| Amount: | $15 million
|
| Maturity: | Dec. 11, 2023
|
| Coupon: | Year-over-year change in index plus 85 bps, floor of zero; payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing date: | Dec. 6
|
| Settlement date: | Dec. 11
|
| Agent: | Wells Fargo Securities, LLC
|
| Fees: | 1.25%
|
| Cusip: | 94986RSD4
|
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