By Angela McDaniels
Tacoma, Wash., March 5 - Wells Fargo & Co. priced $8.1 million of additional floating-rate notes due March 6, 2019, according to a 424B2 filing with the Securities and Exchange Commission.
The original $10 million of notes priced Feb. 24. The total issue size is now $18.1 million.
The interest rates is Libor plus 45 basis points, subject to a floor of 0.75% per year and a cap of 4% per year. Interest is payable quarterly.
The payout at maturity will be par.
Wells Fargo Securities, LLC is the underwriter.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Floating-rate notes
|
| Amount: | $18.1 million, increased from $10 million
|
| Maturity: | March 6, 2019
|
| Coupon: | Libor plus 45 bps, subject to floor of 0.75% per year and cap of 4% per year; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing dates: | Feb. 24 for $10 million and March 3 for $8.1 million
|
| Settlement date: | March 6
|
| Underwriter: | Wells Fargo Securities, LLC
|
| Fees: | 0.3%
|
| Cusip: | 94986RTD3
|
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