By Sarah Lizee
Olympia, Wash., April 2 – Wells Fargo & Co. priced $1 million of step-up callable notes due April 4, 2028, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be 3.5% initially and step up to 4.5% on April 4, 2022. Interest will be payable semiannually.
The notes will be callable in whole at par on any quarterly redemption date beginning on April 4, 2022.
The payout at maturity will be par.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Step-up callable notes
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| Amount: | $1 million
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| Maturity: | April 4, 2028
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| Coupon: | 3.5% initially, stepping up to 4.5% on April 4, 2022; payable semiannually
|
| Price: | Par
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| Payout at maturity: | Par
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| Call option: | At par on any quarterly date beginning April 4, 2022
|
| Pricing date: | March 29
|
| Settlement date: | April 4
|
| Agent: | Wells Fargo Securities, LLC
|
| Fees: | 1.5%
|
| Cusip: | 95001D2E9
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