Wells Fargo issues $2.25B of 6.125% Fixed Rate Reset Preferred Stock (Series GG)

WELLS FARGO & COMPANY/MN

Authorized 90,000 shares of Series GG Preferred, liquidation preference $25,000 per share.
On March 18, 2026, sold 2,250,000 depositary shares, each representing 1/25 interest in Series GG.
Total aggregate liquidation preference of $2.25 billion.
Underwriting agreement dated March 11, 2026 with Wells Fargo Securities as representative.

Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

WELLS FARGO & COMPANY/MN: Filed a Certificate of Designation establishing a new series of Preferred Stock, Series GG, with 90,000 authorized shares, no par value, and a $25,000 liquidation preference (effective 2026-03-16).

Change: charter amendment
Effective: 2026-03-16

Exact text from the filing

On March 16, 2026, the Company filed with the Delaware Secretary of State a Certificate of Designation which, effective upon filing, designated a series of such Preferred Stock as “6.125% Fixed Rate Reset Non-Cumulative Perpetual Class A Preferred Stock, Series GG,” authorized 90,000 shares of Non-Cumulative Perpetual Class A Preferred Stock, Series GG, without par value and with a liquidation preference amount of $25,000 per share

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WELLS FARGO & COMPANY/MN filing history →

Source: SEC EDGAR

accession 0001193125-26-113964

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