Wells Fargo to Redeem Floating Rate Junior Subordinated Debentures Due January 15, 2027

Wells Fargo announced it will redeem its Floating Rate Junior Subordinated Deferrable Interest Debentures due January 15, 2027, with an optional prepayment date of January 15, 2026. The prepayment price will be 100% of the principal amount plus accrued interest. Redemption removes restrictions on the company's ability to repurchase or redeem its 3.90% Fixed Rate Reset Non-Cumulative Perpetual Class A Preferred Stock, Series BB.