Wells Fargo said the Bank, as sponsor of CoreStates Capital II and CoreStates Capital III, has submitted redemption notices to the property trustee on May 30, 2025.

8-KOther EventsFiled May 30, 2025Period of report May 30, 2025Summary published (UTC) Oct 15, 2026

Key points

AI summary

Wells Fargo said the Bank, as sponsor of CoreStates Capital II and CoreStates Capital III, has submitted redemption notices to the property trustee on May 30, 2025.
The company said the redemption date will be June 30, 2025, and the redemption price will be $1,000 per capital security plus accrued and unpaid distributions to, but excluding, the redemption date.
Wells Fargo said the principal amount of the Floating Rate Subordinated Capital Income Securities of CoreStates Capital II is $150,000,000, and the principal amount of the Floating Rate Capital Trust Pass-through Securities of CoreStates Capital III is $300,000,000.
The company said that after the redemption takes effect on the redemption date, no capital securities of either CoreStates Capital II or CoreStates Capital III will remain outstanding.

Summary

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Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

CoreStates Capital II and III Capital Securities Redemption Notice Submitted

Wells Fargo said the Bank, as sponsor of CoreStates Capital II and CoreStates Capital III, has submitted redemption notices to the property trustee on May 30, 2025.

Source · Based on the filing body and exhibits

Redemption Date June 30, 2025, Redemption Price $1,000 per Security

The company said the redemption date will be June 30, 2025, and the redemption price will be $1,000 per capital security plus accrued and unpaid distributions to, but excluding, the redemption date.

Source · Based on the filing body and exhibits

Principal Amounts of Securities in Both Trusts

Wells Fargo said the principal amount of the Floating Rate Subordinated Capital Income Securities of CoreStates Capital II is $150,000,000, and the principal amount of the Floating Rate Capital Trust Pass-through Securities of CoreStates Capital III is $300,000,000.

Source · Based on the filing body and exhibits

No Securities Remain Outstanding in Both Trusts After Redemption

The company said that after the redemption takes effect on the redemption date, no capital securities of either CoreStates Capital II or CoreStates Capital III will remain outstanding.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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