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 |
$500,000,000 | 100.00% | $500,000,000 | $64,400 | ||||
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(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 |
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Listing: | None |
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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. |
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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: | 94974BGD6 |
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