New Issue: Wells Fargo prices $9.19 million floating-rate notes linked to 10-year CMS rate

By Toni Weeks

San Luis Obispo, Calif., July 29 – Wells Fargo & Co. priced $9.19 million of 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.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Floating-rate notes
Amount:	$9,194,000
Maturity:	July 30, 2024
Coupon:	10-year CMS rate times 0.765, floor of 2%; payable quarterly
Price:	Par
Payout at maturity:	Par
Pricing date:	July 25
Settlement date:	July 30
Agent:	Wells Fargo Securities, LLC
Fees:	1%
Cusip:	94986RUL3

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