Wells Fargo Announces Issuance of $6 Billion in Senior Redeemable Notes

Wells Fargo & Company announced the issuance of $6.0 billion in aggregate principal amount of senior redeemable medium-term notes on May 20, 2026. The debt offering consists of three separate tranches with varying interest rate structures and maturity dates.

Key Details

• Total Offering: $6.0 billion in senior notes issued on May 20, 2026, comprising three tranches.
• $2.25B Fixed-to-Floating Rate Notes: Due May 20, 2029. Interest is fixed at 4.577% annually until May 20, 2028, then switches to a floating rate of Compounded SOFR plus 0.72%.
• $500M Floating Rate Notes: Due May 20, 2029, with an interest rate of Compounded SOFR plus 0.72%.
• $3.25B Fixed-to-Floating Rate Notes: Due May 20, 2032. Interest is fixed at 4.844% annually until May 20, 2031, then switches to a floating rate of Compounded SOFR plus 0.97%.