Wells Fargo & Company announced that it will redeem all of its Floating Rate Junior Subordinated Deferrable Interest Debentures due January 15, 2027 on January 15, 2026 . The optional prepayment price will be equal to 100% of the principal amount of the Debentures plus accrued and unpaid interest to, but excluding, the Optional Prepayment Date. Upon the redemption of the Debentures on the Optional Prepayment Date, a covenant that Wells Fargo made for the benefit of the holders of the Debentures will no longer place conditions on Wells Fargo?s ability to repurchase or redeem its 3.90% Fixed Rate Reset Non-Cumulative Perpetual Class A Preferred Stock, Series BB.