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Wells Fargo & Co., 5.125% Dep Shares Non-Cumul Perp Preferred Stock Series O
Ticker Symbol: WFC-O*     CUSIP: 949746721     Exchange: NYSE
Security Type:   Traditional Preferred Stock
* NOTE: This security is no longer trading as of 9/15/2021

Security has been Called for:  Wednesday, September 15, 2021

August 03. 2021 -- Wells Fargo & Company (NYSE: WFC) today announced that on Sept. 15, 2021, it will redeem all 26,000 shares (the “Redeemed Series O Preferred Shares”) of its Non-Cumulative Perpetual Class A Preferred Stock, Series O (the “Series O Preferred Stock”). The redemption of the Redeemed Series O Preferred Shares will trigger the redemption of the 26,000,000 shares of the related depositary shares (the “Redeemed Series O Depositary Shares”), each representing a 1/1,000 interest in a share of Series O Preferred Stock (the “Series O Depositary Shares”) (NYSE: WFC.PRO). The redemption price will be equal to $25,000.00 per Redeemed Series O Preferred Share and $25.00 per Redeemed Series O Depositary Share. After giving effect to the redemption, no shares of the Series O Preferred Stock or the Series O Depositary Shares will remain outstanding.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Wells Fargo & Co., 5.125% Depositary Shares each representing a 1/1000th interest in a share of the Non-Cumulative Perpetual Preferred Stock, Series O, liquidation preference $25 per depositary share, redeemable at the issuer's option on or after 12/15/2017 at $25 per depositary share plus declared and unpaid dividends, and with no stated maturity. Non-Cumulative distributions of 5.125% per annum ($1.28125 per annum or $0.3203125 per quarter) will be paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record on the record date that will be the last business day of the month prior to the payment date or on the record date fixed by the board (NOTE: the ex-dividend date is one business day prior to the record date). The dividends are non-cumulative and if the board of directors does not declare a dividend or the company fails to pay a dividend declared by the board for any quarterly dividend period, the holder will not be entitled to receive any dividend for that quarterly period and the undeclared or unpaid dividend will not accumulate. This security is possibly subject to an early call as a result of the occurrence of a regulatory capital treatment event (see the prospectus for further information) which no longer allows the company to include the funds originating from this security as Tier 1 capital on their balance sheet. Dividends paid by this preferred security are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) and are also eligible for the dividends received deduction for corporate holders (see page 113 of the prospectus for further information). In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.
Stock
Exchange
Cpn Rate
Ann Amt
LiqPref
CallPrice
Call Date
Matur Date
Moodys/S&P
Dated
Distribution Dates 15%
Tax Rate
NYSE
Chart
5.13%
$1.28
$25.00
$25.00
Called for
9/15/2021

None
Baa2 BB+
10/18/2020
3/15, 6/15, 9/15 & 12/15
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
YES

Go to Parent Company's Record (WFC)

IPO - 11/13/2012 - 24.00 Million Shares @ $25.00 /share.    Link to IPO Prospectus
Previous Ticker Symbol: WFCZL*    Changed: 11/20/2012
Market Value $600.0 Million

Company's Online Information Links
HOME PAGE:     https://www.wellsfargo.com/
Company's Investor Relations Information Go to Investor Relations Information
Company's Online News Releases Go to News Releases
Online Company Profile Go to Online Profile

Company's Online SEC EDGAR Filings
Company's SEC EDGAR Filings Go to SEC Filings

Company's Email Address Links
Email Address investorrelations@wellsfargo.com

Address and Phone Numbers
Address:   420 Montgomery Street, San Francisco, CA 94163
Main Phone Number 866-249-3302
Fax Number Not Available
Investor Relations 415-371-2921
Toll Free Phone Number 888-662-7865
CEO - Charles W. Scharf CFO - Michael P. Santomassimo

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