424B2 1 d424b2.htm PROSPECTUS SUPPLEMENT NO. 15 Prospectus Supplement No. 15

Filed Pursuant to Rule 424(b)(2)

File No. 333-135006

 

Title of Each Class of

Securities Offered      

    Maximum Aggregate
Offering Price
    Amount of
Registration Fee(1)

Medium Term Notes, Series G Floating Rate Notes

    $ 300,000,000    $ 11,790.00

 

(1)

  

The filing fee of $11,790.00 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. 15 dated August 21, 2008

(to Prospectus Supplement dated January 25, 2007

and Prospectus dated June 19, 2006)

WELLS FARGO & COMPANY

Medium-Term Notes, Series G

Floating Rate Notes

 

Aggregate Principal Amount Offered:    $300,000,000
Trade Date:    August 21, 2008
Original Issue Date (T+5):    August 28, 2008
Stated Maturity Date:    August 29, 2011
Price to Public (Issue Price):    100%, plus accrued interest, if any, from August 28, 2008
Agent Discount (Gross Spread):    0.090%
All-In Price (Net of Agent Discount):    99.91%, plus accrued interest, if any, from August 28, 2008
Net Proceeds    $299,730,000
Benchmark:    Three-month LIBOR
Spread to Benchmark:    +65 basis points
Base Rate:    LIBOR Reuters
Designated LIBOR Page:    Page LIBOR01 as displayed on the Reuters Money 3000 Service or any successor service (or such other page as may replace Page LIBOR01 on that service or successor service)
Spread:    +65 basis points
Index Maturity:    Three months
Interest Reset Periods:    Quarterly
Interest Reset Dates:    Each February 28, May 28, August 28 and November 28, commencing November 28, 2008 and ending May 28, 2011
Interest Payment Dates:    Each February 28, May 28, August 28 and November 28, commencing November 28, 2008 and ending May 28, 2011, and at maturity
Initial Interest Rate:    Three-month LIBOR Reuters plus 0.65%, determined two London banking days prior to August 28, 2008

 

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Certain U.S. Federal Income Tax Consequences:   

The Tax Increase Prevention and Reconciliation Act of 2005 extended the maximum 15% tax rate on long-term capital gains recognized by non-corporate U.S. Holders. Such holders in taxable years beginning before January 1, 2011 generally will be subject to tax at a maximum rate of 15%.

 

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

Listing    None   
Agent:   

Agent

   

Principal Amount

                                        
  

Goldman, Sachs, & Co.

    $ 300,000,000   
            
  

Total:

    $ 300,000,000   
Plan of Distribution:    On August 21, 2008, Wells Fargo & Company agreed to sell to the Agent, and the Agent agreed to purchase, the notes at a purchase price of 99.910%. The purchase price equals the issue price of 100% less an underwriting discount of 0.090% of the principal amount of the notes.
CUSIP:    94974BES5

 

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