New Issue: Wells Fargo details $1.5 billion issue of 4.125% 10-year notes

By Aleesia Forni

Virginia Beach, Va., Aug. 9 - Wells Fargo & Co. detailed its $1.5 billion issue of 4.125% notes due 2023 on Friday, according to a filing with the Securities and Exchange Commission.

The company priced the notes on Thursday at a spread of 160 basis points over Treasuries or 99.659 to yield 4.167%.

Wells Fargo Securities LLC was the bookrunner.

Wells Fargo was last in the market with a $5 billion sale of notes in four parts on July 22.

The financial services company is based in San Francisco.

Issuer:	Wells Fargo & Co.
Amount:	$1.5 billion
Description:	Subordinated medium-term notes, series M
Maturity:	Aug. 15, 2023
Bookrunner:	Wells Fargo Securities LLC
Senior co-managers:	Citigroup Global Markets, Inc., Credit Suisse Securities (USA) LLC, Goldman Sachs & Co., J.P. Morgan Securities LLC, Morgan Stanley & Co.
Junior co-managers:	ANZ Securities, Inc., Barclays, BB&T Capital Markets, BMO Capital Markets Corp., Capital One Securities Inc., CIBC World Markets Corp., Deutsche Bank Securities Inc., HSBC Securities (USA) Inc., Lebenthal & Co. LLC, MFR Securities Inc., Muriel Siebert & Co. Inc., nabSecurities LLC, National Bank of Canada Financial Inc., RBC Capital Markets LLC, TD Securities (USA) LLC and UBS Securities LLC
Coupon:	4.125%
Price:	99.659
Yield:	4.167%
Spread:	Treasuries plus 160 bps
Trade date:	Aug. 8
Settlement:	Aug. 15

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