Wells Fargo & Company Notice of Redemption and Cancellation of Listing

RNS Number : 1840J

Wells Fargo & Company

03 April 2024

 

THIS ANNOUNCEMENT CONTAINS INFORMATION THAT QUALIFIES, OR MAY QUALIFY, AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF DOMESTIC LAW IN THE UNITED KINGDOM BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("UK MAR").

 

3 April 2024

 

 

 

NOTICE OF REDEMPTION AND CANCELLATION OF LISTING

 

to the holders of the outstanding
EUR 1,500,000,000 Fixed to Floating Rate Callable Notes due 2025
(ISIN: XS2167007249)

(the "Notes")
issued by Wells Fargo & Company
(the "Issuer")

under its U.S.$50,000,000,000 Euro Medium Term Note Programme

(the "Programme")

 

Notice of redemption is hereby irrevocably given to the holders of the Notes (the "Noteholders").

 

Pursuant to: (i) the clause 3.3 (Redemption at the Option of the Issuer) of the senior notes indenture dated 25 March 2020 relating to the Notes; and (ii) paragraph 23 (Call Option) of the final terms dated 30 April 2020 in respect of the Notes (the "Final Terms"), the Issuer is exercising its option to redeem all of the outstanding Notes on 4 May 2024 (the "Optional Redemption Date") at EUR 1,000 per Calculation Amount (as defined in the Final Terms), together with accrued but unpaid interest from (and including) 4 May 2023 to (but excluding) the Optional Redemption Date.

 

Noteholders should look to the relevant clearing systems through which their Notes are held for repayment.

 

The Issuer will arrange for the listing of the Notes on the Official List of the United Kingdom Financial Conduct Authority and the admission of the Notes to trading on the Main Market of the London Stock Exchange plc to be cancelled following the redemption of the Notes.

 

Terms used but not defined in this announcement shall have the meanings given to them in the Indenture.

 

This notice is given by Wells Fargo & Company.

 

For the purposes of UK MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055 as it forms part of domestic law in the United Kingdom by virtue of the European Union (Withdrawal) Act 2018, this  announcement is made by Bryant Owens, Senior Vice President and Assistant Treasurer of Wells Fargo & Company.

 

For further information, please contact:

 

Media:

Beth Richek

[phone]

Investors:

Tanya Quinn

[phone]

 

 

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