Filed Pursuant to Rule 424(b)(2)
File No. 333-195697
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| 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 |
$250,000,000 | 100.00% | $250,000,000 | $32,200 | ||||
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| (1) | The total filing fee of $32,200 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. 1 dated July 22, 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: |
$250,000,000 |
| Trade Date: |
July 22, 2014 |
| Original Issue Date (T+5): |
July 29, 2014 |
| Stated Maturity Date: |
July 29, 2019 |
| Price to Public (Issue Price): |
100.00%, plus accrued interest, if any, from July 29, 2014 |
| Agent Discount (Gross Spread): |
0.35% |
| All-In Price (Net of Agent Discount): |
99.65%, plus accrued interest, if any, from July 29, 2014 |
| Net Proceeds: |
$249,125,000 |
| Benchmark: |
Three-month LIBOR |
| Base Rate: |
LIBOR |
| Spread: |
+49 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 29, April 29, July 29 and October 29, commencing October 29, 2014 and ending April 29, 2019 |
| Interest Payment Dates: |
Each January 29, April 29, July 29 and October 29, commencing October 29, 2014 and at maturity |
| Initial Interest Rate: |
Three-month LIBOR plus 0.49%, determined two London banking days prior to July 29, 2014 |
| Redemption: |
The notes are not redeemable at the option of Wells Fargo & Company |
| Listing: |
None |
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| Principal Amount | ||||||
| Agent (Sole Bookrunner): |
Wells Fargo Securities, LLC |
$ | 237,500,000 | |||
| Agent (Co-Manager): |
HSBC Securities (USA) Inc. |
12,500,000 | ||||
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| Total |
$ | 250,000,000 | ||||
| Plan of Distribution: |
On July 22, 2014, 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 July 29, 2014. 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: |
94974BFZ8 |
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