Preferred Stock Channel
Wells Fargo & Co (New) | 8.00% Non-Cumulative Perpetual Class A Preferred Stock, Series J (WFC.PRJ)

Prospectus excerpt:  Each depositary share, or ÙDepositary Share,ˆ is a 1/40th ownership interest in a share of our 8.00% Non-Cumulative Perpetual Class A Preferred Stock, Series J, $1,000 liquidation preference per share, or ÙSeries J Preferred Stock.ˆ As a holder of Depositary Shares, you will be entitled to proportionate rights and preferences of the Series J Preferred Stock (including dividend, voting, redemption and liquidation rights). You must exercise these rights through the depositary.

Dividends on the Series J Preferred Stock will be payable quarterly in arrears, when, as and if declared by our board of directors, at a rate per annum equal to 8.00%. The Dividend Payment Dates will be the 15th day of each March, June, September and December, commencing on March 15, 2008.

Dividends on the Series J Preferred Stock will be non-cumulative. If for any reason our board of directors does not declare a dividend on the Series J Preferred Stock for a Dividend Period, we will have no obligation to pay any dividend for that period, whether or not our board of directors declares dividends on the Series J Preferred Stock for any subsequent Dividend Period. However, with certain exceptions, if we have not declared dividends on the Series J Preferred Stock for a particular Dividend Period, we may not declare or pay dividends on or redeem or purchase our common stock or other junior securities during the next succeeding Dividend Period.

We may not redeem the Series J Preferred Stock prior to December 15, 2017. On any Dividend Payment Date on or after that date, we may, at our option, redeem the Series J Preferred Stock in whole or in part, at a price of $1,000 per share (equivalent to $25 per Depositary Share) plus any declared and unpaid dividends. The Series J Preferred Stock has no stated maturity, is not subject to any sinking fund and will remain outstanding indefinitely unless redeemed. The Series J Preferred Stock will not have any voting rights except as described under ÙDescription of the Series J Preferred Stock-Voting Rightsˆ on page S-8. A holder of Depositary Shares will be entitled to direct the depositary how to vote in such circumstances.

Full Prospectus PDF », Secondary Prospectus PDF », WFC Page »

Series:J
Alternate symbology:WFC-J, WFC-PJ, WFCprJ
Redeemable?:Yes
Call Date:12/15/2017 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:No
Shares Offered:80,000,000
Overallotment:12,000,000
Liquidation Preference:$25.00
Original Coupon:8.00%
Pay Period:Quarterly
Pay Dates:15-Mar, 15-Jun, 15-Sep, 15-Dec
CDx3 Compliance Rating: Learn WFC.PRJ's Rating
Wells Fargo & Company is a financial holding company and a bank holding company. Through its subsidiaries, Co. provides banking, investment and mortgage products and services, as well as consumer and commercial finance. Co. provides consumer financial products and services including checking and savings accounts, credit and debit cards, and auto, mortgage and home equity, and small business lending, as well as financial planning, private banking, investment management, and fiduciary services. Co. also provides financial solutions including commercial loans and lines of credit, letters of credit, asset-based lending, trade financing, treasury management, and investment banking services.

Preferreds: WNA.PR, WFC.PRJ, WFC.PRL, WFC.PRN, WFC.PRO, WFC.PRP, WFC.PRQ, WFC.PRR, WFC.PRT, WFE.PRA, WFC.PRV, WFC.PRW, WFC.PRX, WFC.PRY, WFC.PRZ, WFC.PRA, WFC.PRC, WFC.PRD


Open the WFC Information Page »
Name:  Wells Fargo & Co (New)
Website:  www.wellsfargo.com
Sector:  Banking & Savings
Number of ETFs Holding WFC:  106 (see which ones)
Total Market Value Held by ETFs:  $24,757,043,519.8
Total Market Capitalization:  $206,023,000,000
% of Market Cap. Held by ETFs:  12.02%

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