Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers W > Headlines for Wells Fargo & Co. > News item |
Wells Fargo to price floating-rate notes linked to 10-year CMS rate
By Toni Weeks
San Luis Obispo, Calif., July 24 – Wells Fargo & Co. plans to price floating-rate notes due July 30, 2024 linked to the 10-year Constant Maturity Swap rate, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be paid quarterly at an annualized rate of 0.765 times the 10-year CMS rate, subject to a minimum rate of 2% per year.
The payout at maturity will be par.
The notes (Cusip: 94986RUL3) are expected to price July 25 and settle July 30.
Wells Fargo Securities, LLC is the agent.
© 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.