The coupon is 8% until 3/30/2024 at which time the coupon becomes floating rate at the rate of 3 month libor plus a spread of 5.791%
Type: Floating Rate
Zions Bancorporation, 4% Floating Rate Series A Non-cumulative Perpetual Preferred Stock
Coupon will float at 3 month Libor plus .52% or a minimum of 4%
Ticker changed from ZB-A to ZIONP
7/1/2023 Now trading with 3 month SOFR plus .2616% Replacing LIBOR
Zions Bancorporation, 6.30% Fixed-to-Floating Non-cumulative Pfd Stock, Series G
Coupon will be fixed at 6.30% until 3/15/2023 and then will float at a rate of 3 month Libor plus 4.24%.
Ticker changed from ZB-G to ZIONO
7/1/2023 Now trading with 3 month SOFR plus .2616% Replacing LIBOR
Wintrust Financial Corp., 6.50% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock Ser D
Rate is fixed until 7/14/2025 at 6.50% after which it will float at the rate of 3 month Libor plus a spread of 4.06%
May only be redeemed on a dividend payment date
Wells Fargo & Co., 6.625% Fixed to Floating Non-Cumulative Perpetual Preferred Stock Series R
Coupon will be fixed at 6.625% until 3/15/2024 after which it will float at a rate of 3 month Libor plus a spread of 3.69%
Can only be redeemed on dividend payment date
WFC announced on 5/12/2023 that when the floating rate period begins on 3/15/2024 the rate will be fixed at 10.315% there after because of the discontinence of LIBOR on 6/30/2023 – the press release is here.