This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Wells Fargo & Company Commences Any And All Exchange Offers For Certain Outstanding Subordinated Notes From Eligible Holders

2. Includes the early exchange premium of $30.00 principal amount of New Notes of the relevant series in respect of each $1,000 principal amount of Old Notes tendered at or prior to the Early Participation Date (as defined below) and accepted for exchange.

3. Sum of the applicable amount of cash payable and the applicable hypothetical principal amount of New Notes in respect of each $1,000 principal amount of Old Notes accepted for exchange.

4. Amount of cash payable as a portion of the exchange consideration in respect of each $1,000 principal amount of Old Notes accepted for exchange. This amount excludes accrued and unpaid interest on the Old Notes, which will be payable in addition to the exchange consideration.

5. Hypothetical principal amount of New Notes of the relevant series to be issued in respect of each $1,000 principal amount of Old Notes validly tendered at or prior to the Early Participation Date and accepted for exchange.

6. Listed on the Luxembourg Stock Exchange.

The new 2024 Notes will bear interest at a rate per annum equal to the sum of (i) the bid-side yield on the 2.500% U.S. Treasury Note due August 15, 2023 as calculated on the Price Determination Date and (ii) 1.70% (170 basis points). The new 2044 Notes will bear interest at a rate per annum equal to the sum of (i) the bid-side yield on the 3.625% U.S. Treasury Bonds due August 15, 2043 as calculated on the Price Determination Date and (ii) 1.70% (170 basis points).

Each exchange offer is subject to the condition that a minimum of $500 million aggregate principal amount of new notes of the relevant series be issued in exchange for outstanding notes validly tendered and not validly withdrawn, as well as certain other conditions as described in the confidential offering circular.

3 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,967.47 -102.93 -0.57%
S&P 500 2,093.27 -21.22 -1.00%
NASDAQ 4,942.8650 -74.0640 -1.48%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs