Coupon will be fixed at 5.85% until 9/15/2023 after which is will float at a rate of 3 month Libor plus a spread of 3.09%
Can only be redeemed on dividend payment date
WFC announced on 5/12/2023 that when the floating rate period begins on 9/15/2023 the rate will be fixed at 8.94% there after because of the discontinence of LIBOR on 6/30/2023 –
the press release is here.
Coupon will be fixed at 9% until 11/01/2020 after which it will float at the rate of 1 month Libor plus a spread of 7.71%
This issue comes with a K-1 at tax time.
Coupon Floats at 3 month Libor or a minimum of 4%.
Was originally SunTrust which merged with BB&T to form Truist Financial
Coupon is fixed at 5.90% until 3/15/2024 after which it floats at the rate of 3 month Libor plus a spread of 3.108%
Redemption can only occur on a dividend payment date
