Wells Fargo plans capped floating-rate notes due 2022 tied to Libor

By Sarah Lizee

Olympia, Wash., June 14 – Wells Fargo & Co. plans to price capped floating-rate notes due Jan. 3, 2022 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.

The notes will price on June 29 and settle on July 3.

The Cusip number is 95001D2M1.

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