REG - Wells Fargo & Co - Notice of Redemption and Cancellation of Listing

Wells Fargo & CoAnnouncement

03/04/2024 13:45

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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

+1 980-308-1568

Investors:

Tanya Quinn

+1 415 396 7495

 

 

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