424B2 1 d662106d424b2.htm PRICING SUPPLEMENT NO. 13 Pricing Supplement No. 13

 

Filed Pursuant to Rule 424(b)(2)
File No. 333-180989

 

 

 

Title of Each Class of Securities

Offered

 

  

Amount to be
Registered

 

    

Maximum Offering
Price Per Security

 

    

Maximum Aggregate
Offering Price

 

    

Amount of
Registration
Fee(1)

 

       

Medium Term Notes, Series L,

Fixed Rate Notes

   $1,500,000,000      99.831%      $1,497,465,000      $192,873.49     
                                  
                                  

 

  (1)  The total filing fee of $192,873.49 is calculated in accordance with Rule 457(r) of the Securities Act of 1933 (the “Securities Act”) and will be paid by wire transfer within the time required by Rule 456(b) of the Securities Act.


Pricing Supplement No. 13 dated January 16, 2014

(to Prospectus Supplement dated May 25, 2012

and Prospectus dated April 27, 2012)

WELLS FARGO & COMPANY

Medium-Term Notes, Series L

Fixed Rate Notes

Aggregate Principal Amount

Offered:

$1,500,000,000

 

Trade Date:

January 16, 2014

 

Original Issue Date (T+5):

January 24, 2014

 

Stated Maturity Date:

January 22, 2021

 

Interest Rate:

3.00%

 

Interest Payment Dates:

Each January 22 and July 22, commencing July 22, 2014, and at maturity

 

Price to Public (Issue Price):

99.831%, plus accrued interest, if any, from January 24, 2014

Agent Discount

(Gross Spread):

0.40%

All-in Price (Net of

Agent Discount):

99.431%, plus accrued interest, if any, from January 24, 2014

 

Net Proceeds:

$1,491,465,000

 

Benchmark:

UST 2.375% due December 31, 2020

 

Benchmark Yield:

2.277%

 

Spread to Benchmark:

+75 basis points

 

Re-Offer Yield:

3.027%

 

Redemption:

The notes are not redeemable at the option of Wells Fargo & Company

 

Listing:

None

 

              Principal Amount  
Agent (Sole Bookrunner):   

Wells Fargo Securities, LLC

   $     1,200,000,000     
Agents (Senior Co-Managers):   

Citigroup Global Markets Inc.

       36,000,000     
  

Credit Suisse Securities (USA) LLC

       36,000,000     
  

Goldman, Sachs & Co.

       36,000,000     
  

J.P. Morgan Securities LLC

       36,000,000     
  

Morgan Stanley & Co. LLC

       36,000,000     


Agents (Junior Co-Managers):   

ANZ Securities, Inc.

       7,500,000     
  

Barclays Capital Inc.

       7,500,000     
  

BB Securities Limited

       7,500,000     
  

BB&T Capital Markets,
a division of BB&T Securities, LLC

       7,500,000     
  

Capital One Securities, Inc.

       7,500,000     
  

CastleOak Securities, L.P.

       7,500,000     
  

Deutsche Bank Securities Inc.

       7,500,000     
  

Drexel Hamilton, LLC

       7,500,000     
  

Fifth Third Securities, Inc.

       7,500,000     
  

HSBC Securities (USA) Inc.

       7,500,000     
  

Lebenthal & Co., LLC

       7,500,000     
  

Merrill Lynch, Pierce, Fenner & Smith

                      Incorporated

       7,500,000     
  

National Bank of Canada Financial Inc.

       7,500,000     
  

Santander Investment Securities Inc.

       7,500,000     
  

UBS Securities LLC

       7,500,000     
  

The Williams Capital Group, L.P.

       7,500,000     
  

Total

   $     1,500,000,000     

 

Plan of Distribution:

On January 16, 2014, Wells Fargo & Company agreed to sell to the Agents, and the Agents agreed to purchase, the notes at a purchase price of 99.431%, plus accrued interest, if any, from January 24, 2014. The purchase price equals the issue price of 99.831% less a discount of 0.40% of the principal amount of the notes.

 

 

BB Securities Limited is not a broker-dealer registered with the Securities and Exchange Commission, and therefore may not make sales of any notes in the United States or to U.S. persons except in compliance with applicable U.S. laws and regulations. To the extent that BB Securities Limited intends to effect sales of the notes in the United States, it will do so only through Banco do Brasil Securities LLC or one or more U.S. registered broker dealers, or otherwise as permitted by applicable U.S. law. BB Securities Asia Pte. Ltd. may be involved in the sales of the notes in Asia.

Certain U.S. Federal

Income Tax Consequences:

As discussed in the accompanying prospectus under “Certain U.S. Federal Income Tax Considerations,” legislation was enacted in 2010, contained in Sections 1471 through 1474 of the Internal Revenue Code of 1986, as amended, that will impose a 30% withholding tax on withholdable payments (as defined below) made to a foreign financial institution, unless such institution enters into an agreement with the U.S. Department of the Treasury (“Treasury”) to, among other things, collect and provide to it substantial information regarding such institution’s United States financial account holders, including certain account holders that are foreign entities with United States owners. The legislation also generally imposes a 30% withholding tax on withholdable payments to a non-financial foreign entity unless such entity

 

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provides the paying agent with a certification that it does not have any substantial United States owners or a certification identifying the direct and indirect substantial United States owners of the entity. “Withholdable payments” include payments of interest with respect to notes from sources within the United States, as well as gross proceeds from the sale of any property of a type which can produce interest from sources within the United States, unless the payments of interest or gross proceeds are effectively connected with the conduct of a United States trade or business and taxed as such. As enacted, these withholding and reporting obligations generally apply to payments made with respect to the notes. Under final Treasury regulations effective January 28, 2013 and other administrative guidance, these withholding and reporting requirements with respect to interest will be delayed until July 1, 2014, and withholding on gross proceeds will be delayed until January 1, 2017. Further, withholding will not apply to notes outstanding on July 1, 2014, unless such notes undergo a significant modification after that date. Investors are urged to consult their own tax advisors regarding the application of the legislation and proposed regulations to the notes.

 

 

Additional tax considerations are discussed under “Certain U.S. Federal Income Tax Considerations” in the accompanying prospectus.

 

CUSIP:

94974BFR6

 

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