Published on 3/14/2018 in the Prospect News Structured Products Daily.
New Issue: Wells Fargo prices $962,000 capped floaters due 2021 linked to Libor
By Sarah Lizee
Olympia, Wash., March 14 – Wells Fargo & Co. priced $962,000 capped floating-rate notes due Sept. 14, 2021 linked to Libor, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is equal to Libor plus 50 basis points, subject to a cap of 3.5%. Interest will be payable quarterly.
The payout at maturity will be par.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Capped floating-rate notes
|
| Amount: | $962,000
|
| Maturity: | Sept. 14, 2021
|
| Coupon: | Libor plus 50 bps, subject to a cap of 3.5%; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing date: | March 12
|
| Settlement date: | March 14
|
| Agent: | Wells Fargo Securities, LLC
|
| Fees: | 0.4%
|
| Cusip: | 95001D2C3
|
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