Wells Fargo to price three-year collared floaters with 1%-3% range

By Tali Rackner

Norfolk, Va., March 21 – Wells Fargo & Co. plans to price collared floating-rate notes due April 5, 2019, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be three-month Libor plus 50 basis points, with a minimum rate of 1% per year and up to a maximum rate of 3% per year. Interest will be payable quarterly.

The payout at maturity will be par.

Wells Fargo Securities, LLC is the underwriter.

The notes will price on March 31 and settle on April 5.

The Cusip number is 94986RH95.

© 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.