By Sarah Lizee
Olympia, Wash., April 24 – Wells Fargo & Co. priced $1.8 million of capped floating-rate notes due Oct. 25, 2021 linked to Libor, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be equal to Libor plus 55 basis points, subject to a cap of 4%. Interest will be payable quarterly.
The payout at maturity will be par.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo & Co.
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| Issue: | Capped floating-rate notes
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| Amount: | $1.8 million
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| Maturity: | Oct. 25, 2021
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| Coupon: | Libor plus 55 bps, subject to a 4% coupon cap; payable quarterly
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| Price: | Par
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| Pricing date: | April 20
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| Settlement date: | April 25
|
| Agent: | Wells Fargo Securities, LLC
|
| Fees: | 0.4%
|
| Cusip: | 95001D2H2
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