Fixed income information
Credit ratings
| DBRS Morningstar | Fitch | Moody's | S&P Global | |
|---|---|---|---|---|
| Outlook | Stable | Stable | Stable | Positive |
| Long-term Issuer Rating | AA (low) | A+ | A1 | BBB+ |
| Short-term Issuer Rating | R-1 (middle) | F1 | P-1 | A-2 |
| Senior Unsecured | AA (low) | A+ | A1 | BBB+ |
| Subordinated | A (high) | A- | A3 | BBB |
| Preferred Stock | A (low) | BBB | Baa2 | BB+ |
| DBRS Morningstar | Fitch | Moody's | S&P Global | |
|---|---|---|---|---|
| Outlook | Stable | Stable | Stable | Stable |
| Long-term Issuer Rating | AA | AA- | Aa2 | A+ |
| Short-term Issuer Rating | R-1 (high) | F1+ | P-1 | A-1 |
| Bank Deposits | AA | AA | Aa2 | A+ |
| Senior Unsecured | AA | AA- | Aa2 | A+ |
| Subordinated | AA (low) | A | Aa3 | BBB+ |
Preferred stock
Wells Fargo capital issuances include preferred stock and depositary shares (representing interests in shares of preferred stock), some of which are listed on the New York Stock Exchange, as well as private transactions. The following summarizes certain terms of these depositary shares and includes links to the relevant prospectus supplements for these securities, if available.
A potential investor should carefully read the relevant prospectus supplement and accompanying prospectus to understand fully the terms of these securities, as well as the tax and other considerations that are important in making a decision about whether to invest in one of these securities.
Dividends for each of the preferred stock issuances listed below are non-cumulative, with the exception of the Dividend Equalization Preferred Shares, which no longer pay a dividend.
Non-Cumulative Convertible Perpetual Preferred Series L (WFC L)
CUSIP: 949746804
Amount: $4,025 million
Announcement Date: 04/14/2008
Callable on or after:
Not callable; optionally convertible by holder and issuer into common stock of Wells Fargo & Company1
Coupon:
7.50%
Final Maturity:
Perpetual
Payment Dates:
03/15, 06/15, 09/15, 12/15
Record Dates:
Last day of month preceding payment date
Non-Cumulative Perpetual Preferred Series Y
CUSIP: 94988U656
Amount: $690 million
Announcement Date: 04/17/2017
Callable on or after:
06/15/2022
Coupon:
5.625%
Final Maturity:
Perpetual
Payment Dates:
03/15, 06/15, 09/15, 12/15
Record Dates:
Last business day of month preceding payment date
Non-Cumulative Perpetual Preferred Series Z
CUSIP: 94988U151
Amount: $2,012.5 million
Announcement Date: 01/15/2020
Callable on or after:
03/15/2025
Coupon:
4.75%
Final Maturity:
Perpetual
Payment Dates:
03/15, 06/15, 09/15, 12/15
Record Dates:
Last business day of month preceding payment date
Non-Cumulative Perpetual Preferred Series AA
CUSIP: 94988U128
Amount: $1,170 million
Announcement Date: 10/21/2020
Callable on or after:
12/15/2025
Coupon:
4.70%
Final Maturity:
Perpetual
Payment Dates:
03/15, 06/15, 09/15, 12/15
Record Dates:
Last business day of month preceding payment date
Non-Cumulative Perpetual Preferred Series CC
CUSIP: 95002Y202
Amount: $1,050 million
Announcement Date: 01/25/2021
Callable on or after:
03/15/2026
Coupon:
4.375%
Final Maturity:
Perpetual
Payment Dates:
03/15, 06/15, 09/15, 12/15
Record Dates:
Last business day of month preceding payment date
Non-Cumulative Perpetual Preferred Series DD
CUSIP: 95002Y400
Amount: $1,250 million
Announcement Date: 07/20/2021
Callable on or after:
09/15/2026
Coupon:
4.25%
Final Maturity:
Perpetual
Payment Dates:
03/15, 06/15, 09/15, 12/15
Record Dates:
Last business day of month preceding payment date
Non-Cumulative Perpetual Preferred Series EE
CUSIP: 95002YAA1
Amount: $1,725 million
Announcement Date: 07/17/2023
Callable on or after:
09/15/2028
Coupon:
7.625% to 9/15/28; resets to 5 year CMT + 3.606% to 9/15/28 and every 5 years thereafter
Final Maturity:
Perpetual
Payment Dates:
03/15, 06/15, 09/15, 12/15
Record Dates:
Last business day of month preceding payment date
Non-Cumulative Perpetual Preferred Series FF
CUSIP: 95002YAC7
Amount: $2,000 million
Announcement Date: 07/16/2024
Callable on or after:
09/15/2029
Coupon:
6.850% to 9/15/29; resets to 5 year CMT + 2.767% to 9/15/29 and every 5 years thereafter
Final Maturity:
Perpetual
Payment Dates:
03/15, 06/15, 09/15, 12/15
Record Dates:
Last business day of month preceding payment date
Dividend Equalization Preferred Shares (see more information below) (WFCNP)
CUSIP: 949746887
Amount: 97,000 shares
Announcement Date: 09/01/2001
Callable on or after:
01/01/2022
Coupon:
Not applicable
Final Maturity:
Perpetual
Payment Dates:
Not applicable
Record Dates:
Not applicable
Contact information
Computershare Trust Co.
1-877-840-0492
By Mail:
P.O. Box 43078
Providence, RI 02940-3078
By Overnight Delivery:
150 Royall Street - Suite 101
Canton, MA 02021
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