Preferred Stock Channel
Wells Fargo & Co (New) | 7.25% Non-cumulative Exchangeable Perpetual Series A Preferred Securities (WNA.PR)

Prospectus excerpt:  Terms of the Series A preferred securities include:

Dividends are: payable quarterly only if declared, and non-cumulative, which means that you will not receive them later if they are not declared in the applicable period. Conditionally exchangeable, without your approval or any action on your part, for depositary shares with substantially equivalent terms as to dividends, liquidation preference and redemption of Wachovia Corporation, our indirect parent company, except that the depositary shares will: not have any voting rights, not have the right to elect independent directors, not have the benefit of similar favorable covenants as the Series A preferred securities, and not be listed on any securities exchange. This exchange will be made only at the direction of the Office of the Comptroller of the Currency under the following specified circumstances: Wachovia Bank, National Association, our indirect parent company, becomes undercapitalized under the OCCĂs ˘prompt corrective action÷ regulations, or the Bank is placed into conservatorship or receivership, or the OCC, in its sole discretion, anticipates that the Bank may become undercapitalized in the near term, or takes supervisory action that limits the payment of dividends by us and in connection therewith directs an exchange. Redeemable at our option on or after December 31, 2022, with the prior consent of the OCC. Senior to our common stock and our Series C preferred securities but on a parity with our Series B and D preferred securities. Entitled to 1/10th of one vote per security on all matters submitted to holders of our common stock. We are qualified as a real estate investment trust, or REIT, for Federal income tax purposes.

Full Prospectus PDF », WFC Page »

Series:A
Alternate symbology:WNA-, WNA-P, WNApr
Redeemable?:Yes
Call Date:12/31/2022
Perpetual?:Yes
Cumulative?:No
Shares Offered:18,000,000
Liquidation Preference:$25
Original Coupon:7.25%
Pay Period:Quarterly
Pay Dates:31-Mar, 30-Jun, 30-Sep, 31-Dec
Wells Fargo & Company is a financial 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 automobile, student, 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.PRN, WFC.PRJ, WFC.PRL, WFC.PRO, WFC.PRP, WFC.PRQ, WFC.PRR, WFC.PRT, WFE.PRA, WFC.PRW, WFC.PRX, WFC.PRV, WFC.PRY


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Name:  Wells Fargo & Co (New)
Website:  www.wellsfargo.com
Sector:  Banking & Savings
Number of ETFs Holding WFC:  103 (see which ones)
Total Market Value Held by ETFs:  $9,059,414,451.64
Total Market Capitalization:  $111,599,000,000
% of Market Cap. Held by ETFs:  8.12%

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