New Issue: Wells Fargo prices $15.78 million step-up callable notes with 1.2% initial rate

By Marisa Wong

Morgantown, W.Va., Oct. 19 – Wells Fargo & Co. priced $15.78 million of step-up callable notes due Oct. 20, 2018, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be 1.2% initially, stepping up to 1.75% on April 20, 2018. Interest is payable semiannually.

The payout at maturity will be par.

The notes will be callable at par on April 20, 2018 and July 20, 2018.

Wells Fargo Securities LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Step-up callable notes
Amount:	$15,779,000
Maturity:	Oct. 20, 2018
Coupon:	1.2% initially, stepping up to 1.75% on April 20, 2018; payable semiannually
Price:	Par
Payout at maturity:	Par
Call option:	At par on April 20, 2018 or July 20, 2018
Pricing date:	Oct. 17
Settlement date:	Oct. 20
Agent:	Wells Fargo Securities, LLC
Fees:	0.3%
Cusip:	94986RY54

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