Wells Fargo raises $2B via 6.85% perpetual preferred stock issuance

WELLS FARGO & COMPANY/MN

Wells Fargo issued $2B of 6.85% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock (Series FF).
Each depositary share represents a 1/25th interest in a share with a $25,000 liquidation preference.
The Series FF is non-cumulative, perpetual, and features a fixed rate reset mechanism.
Offering was underwritten by Wells Fargo Securities, LLC as representative of the underwriters.

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