| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers W > Headlines for Wells Fargo & Co. > News item |
Wells Fargo will price step-up callable notes with 2.25% initial rate
By Sarah Lizee
Olympia, Wash., July 15 – Wells Fargo & Co. plans to sell step-up callable notes due Jan. 31, 2023, according to a 424B2 filed with the Securities and Exchange Commission.
The interest rate will be 2.25% initially, stepping up to 2.35% on July 31, 2020, to 2.5% on July 31, 2021 and to 3% on July 31, 2022. Interest is payable semiannually.
Beginning July 31, 2020, the notes will be callable at par plus interest on any quarterly redemption date.
The payout at maturity will be par.
Wells Fargo Securities LLC is the agent.
The notes (Cusip: 95001D4P2) will price on July 29.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.