Wells Fargo Issues $6B in Series Y Medium-Term Notes

What Happened
Wells Fargo & Company filed a Form 8-K on September 24, 2026 (Item 9.01) to report the issuance of Medium-Term Notes, Series Y. The company issued $2,500,000,000 Senior Redeemable Fixed-to-Floating Rate Notes due September 24, 2030 and $3,500,000,000 Senior Redeemable Fixed-to-Floating Rate Notes due September 24, 2037. The filing attaches the form of each Note and the legal opinion from Faegre Drinker Biddle & Reath LLP.

Key Details

• Total principal issued: $6,000,000,000 (two tranches).
• 2030 tranche: $2,500,000,000 Senior Redeemable Fixed-to-Floating Rate Notes due September 24, 2030.
• 2037 tranche: $3,500,000,000 Senior Redeemable Fixed-to-Floating Rate Notes due September 24, 2037.
• Exhibits filed include the form of each Note and the opinion and consent of Faegre Drinker Biddle & Reath LLP.

Why It Matters
This filing documents a material debt issuance that increases Wells Fargo’s long-term borrowing by $6 billion across two maturities, which can affect the company’s capital structure and interest expense profile. Investors should note the maturities and fixed-to-floating interest feature, and that the company has provided the formal note documents and legal opinion required by SEC rules.