Definitive Pricing Supplement No. 5

Filed Pursuant to Rule 424(b)(2)
File No. 333-195697

 

 

Title of Each Class of Securities

Offered

  Amount to be

Registered

  Maximum Offering

Price Per Security

  Maximum Aggregate

Offering Price

  Amount of

Registration

Fee(1)

Medium Term Notes, Series N,
Floating Rate Notes
  $500,000,000   100.00%   $500,000,000   $64,400
       

 

  (1)  The total filing fee of $64,400 is calculated in accordance with Rule 457(r) of the Securities Act of 1933 (the
“Securities Act”) and will be paid by wire transfer within the time required by Rule 456(b) of the Securities Act.


Pricing Supplement No. 5 dated September 16, 2014

(to Prospectus Supplement dated May 30, 2014

and Prospectus dated May 5, 2014)

WELLS FARGO & COMPANY

Medium-Term Notes, Series N

Floating Rate Notes

 

Aggregate Principal Amount

Offered:

  

$500,000,000

Trade Date:   

September 16, 2014

Original Issue Date (T+5):   

September 23, 2014

Stated Maturity Date:   

September 14, 2018; on the stated maturity date, the holders of the notes will be entitled to receive a cash payment in U.S. dollars equal to 100% of the principal amount of the notes plus any accrued and unpaid interest

Price to Public (Issue Price):   

100.00%, plus accrued interest, if any, from September 23, 2014

Agent Discount

(Gross Spread):

  

0.30%

All-In Price (Net of

Agent Discount):

  

99.70%, plus accrued interest, if any, from September 23, 2014

Net Proceeds:   

$498,500,000

Benchmark:   

Three-month LIBOR

Base Rate:   

LIBOR

Spread:   

+40 basis points

Designated LIBOR Page:   

Page LIBOR01 as displayed on Reuters or any successor service (or such other page as may replace Page LIBOR01 on that service or successor service)

Index Maturity:   

Three months

Interest Reset Periods:   

Quarterly

Interest Reset Dates:   

Each March 14, June 14, September 14 and December 14, commencing December 14, 2014 and ending June 14, 2018

Interest Payment Dates:   

Each March 14, June 14, September 14 and December 14, commencing December 14, 2014 and at maturity

Initial Interest Rate:   

Three-month LIBOR plus 0.40%, determined two London banking days prior to September 16, 2014


Redemption:   

The notes are not redeemable at the option of Wells Fargo & Company

   
Listing:   

None

  
        Principal Amount   
Agent (Sole Bookrunner):   

Wells Fargo Securities, LLC

     $  490,000,000       
Agent (Co-Managers):   

CastleOak Securities, L.P.

     5,000,000       
  

Drexel Hamilton, LLC

     5,000,000       
  

Total:

     $  500,000,000      
Plan of Distribution:   

On September 16, 2014, Wells Fargo & Company agreed to sell to the Agents, and the Agents agreed to purchase, the notes at a purchase price of 99.70%, plus accrued interest, if any, from September 23, 2014. The purchase price equals the issue price of 100.00% less a discount of 0.30% of the principal amount of the notes.

       

Certain U.S. Federal Income Tax

Consequences:

  

 

Tax considerations are discussed under “Certain U.S. Federal Income Tax Considerations” in the accompanying prospectus.

   

CUSIP:   

94974BGD6

  

 

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