Wells Fargo pushes back maturity, pricing date for fixed-to-floaters

By Marisa Wong

Morgantown, W.Va., Oct. 7 – Wells Fargo & Co. plans to price capped fixed-to-floating notes due Oct. 18, 2026 on Oct. 14, according to an amended 424B2 filing with the Securities and Exchange Commission.

The maturity date was changed from Oct. 5, 2026, and the notes were previously set to price on Oct. 13 and, before that, Sept. 30.

Interest will be fixed at 3% for the first three years. After that, it will be Libor plus 110 basis points, capped at 6%. Interest will be payable quarterly.

The payout at maturity will be par of $1,000.

Wells Fargo Securities LLC is the agent.

The Cusip number is 94986RW98.

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