Wells Fargo & Company 7.50% Non-Cumulative Perpetual Convertible Preferred, Series L

Originally issued by Wachovia Bank which was acquired by Wells Fargo on 1/1/2009

Issue is not callable

Shares are convertible into shares of Wells Fargo at the option of the holder into 6.3814 shares of Wells Fargo. On and after 3/15/2013 if the price of the common stock exceeds 130% of the conversion price for 20 of any 30 consecutive trading days the company may, at their option force conversion of the then prevailing conversion price. The initial conversion price was $156.71.
Further information can be found in the registration statement