Published on 4/29/2024 in the Prospect News Structured Products Daily.
New Issue: Wells Fargo prices $14.83 million step-up callable notes
By Wendy Van Sickle
Columbus, Ohio, April 29 – Wells Fargo & Co. priced $14.83 million of step-up callable notes due April 29, 2034, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon will be 5.75%, stepping up to 6.25% on April 29, 2029 and stepping up to 7% on April 29, 2032.
The notes are callable starting on April 29, 2026 and on any subsequent semiannual call date.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo & Co.
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| Issue: | Step-up callable notes
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| Amount: | $14,831,000
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| Maturity: | April 29, 2034
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| Coupon: | 5.75%, steps up to 6.25% starting on April 29, 2029, steps up to 7% starting on April 29, 2032
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| Price: | Par
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| Payout at maturity: | Par
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| Call: | Starting on April 29, 2026 and on any subsequent semiannual call date
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| Pricing date: | April 25
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| Settlement date: | April 29
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| Agent: | Wells Fargo Securities, LLC
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| Fees: | 1.5%
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| Cusip: | 95001DFK1
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