Wells Fargo to price securities optionally exchangeable for Intel

By Marisa Wong

Madison, Wis., June 6 - Wells Fargo & Co. plans to price 0% optionally exchangeable securities due June 2020 exchangeable for the common stock of Intel Corp., according to a 424B2 filing with the Securities and Exchange Commission.

Beginning in June 2018, the securities will be callable at any time.

The payout at maturity or upon redemption will be the greater of par and parity, which on any day is the exchange ratio multiplied by the closing share price. The exchange ratio will be set at pricing.

Wells Fargo Securities LLC is the agent.

The notes will price and settle in June.

The Cusip number is 94986RQF1.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.