Bond Wells Fargo & Company 0% ( US94988J5W36 ) in USD

Issuer	Wells Fargo & Company
Market price	100.004 % ▲
Country	United States
ISIN code	US94988J5W36 ( in USD )
Interest rate	0%
Maturity	27/05/2022 - Bond has expired
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Minimal amount	250 000 USD
Total amount	1 000 000 000 USD
Cusip	94988J5W3
Detailed description	Wells Fargo is a major American multinational financial services company offering banking, investments, mortgage, and consumer and commercial finance services, with a significant retail banking presence. A recent financial market review highlights the concluded lifecycle of a specific bond (ISIN: US94988J5W36, CUSIP: 94988J5W3) issued by Wells Fargo Bank, a major American multinational financial services company headquartered in San Francisco, California. This debt instrument, originating from the United States, successfully reached its maturity date on May 27, 2022, and has since been fully redeemed. With a total issuance size of 1,000,000,000 USD and a minimum purchase size set at 250,000 USD, this particular bond featured a 0% interest rate, positioning it as a zero-coupon instrument, despite a reported payment frequency of two. Its final market valuation before redemption was recorded at 100.004% in USD, signifying its repayment at or slightly above par.