| 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 plans 10-year step-up callable notes with 2% start rate
By Wendy Van Sickle
Columbus, Ohio, July 14 – Wells Fargo & Co. plans to price step-up callable notes due July 29, 2026, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate will be 2% for the first five years, stepping up to 2.5% for years six and seven, to 3.5% for year eight, to 4.5% for year nine and to 6.5% for year 10. Interest will be payable semiannually.
The payout at maturity will be par.
The notes will be callable at par on any quarterly redemption date after three years.
Wells Fargo Securities LLC is the agent.
The notes will price on July 26 and settle on July 29.
The Cusip number is 94986RR86.
© 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.