Filed Pursuant to Rule 424(b)(2)
File No. 333-195697
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Title of Each Class of Securities Offered
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Amount to be Registered
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Maximum Offering Price Per Security
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Maximum Aggregate Offering Price
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Amount of Registration Fee(1)
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Medium Term Notes, Series N, Floating Rate Notes
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$300,000,000
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100.00%
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$300,000,000
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$34,860
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(1) | The total registration fee was calculated in accordance with Rule 457(r) of the Securities Act of 1933 (the Securities Act). |
Pricing Supplement No. 10 dated April 2, 2015
(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: |
$300,000,000 | |||
Trade Date: | April 2, 2015 | |||
Original Issue Date: | April 9, 2015 | |||
Stated Maturity Date: | April 9, 2020; 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 April 9, 2015 | |||
Agent Discount (Gross Spread): |
0.35% | |||
All-In Price (Net of Agent Discount): |
99.65%, plus accrued interest, if any, from April 9, 2015 | |||
Net Proceeds: | $298,950,000 | |||
Benchmark: | Three-month LIBOR | |||
Base Rate: | LIBOR | |||
Spread: | +60 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 January 9, April 9, July 9 and October 9, commencing July 9, 2015 and ending January 9, 2020 | |||
Interest Payment Dates: | Each January 9, April 9, July 9 and October 9, commencing July 9, 2015 and at maturity | |||
Initial Interest Rate: | Three-month LIBOR plus 0.60%, determined two London banking days prior to April 9, 2015 |
Redemption: | The notes are not redeemable at the option of Wells Fargo & Company |
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Listing: | None |
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Principal Amount |
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Agent (Sole Bookrunner): | Wells Fargo Securities, LLC |
$300,000,000 | ||||
Plan of Distribution: | On April 2, 2015, Wells Fargo & Company agreed to sell to the Agents, and the Agents agreed to purchase, the notes at a purchase price of 99.65%, plus accrued interest, if any, from April 9, 2015. The purchase price equals the issue price of 100.00% less a discount of 0.35% of the principal amount of the notes. |
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Certain U.S. Federal Income Tax Consequences: |
Tax considerations are discussed under Certain U.S. Federal Income Tax Considerations in the accompanying prospectus. |
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CUSIP: | 94974BGJ3 |
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