Wells Fargo Financial Establishes $1.5B Term Note Programme

Wells Fargo Financial Canada Corporation established a $1.5 billion domestic medium term note programme and issued $200 million of medium term notes under the programme in October 2001. The notes are guaranteed by the (indirect) parent corporation of the issuer, Wells Fargo Financial. This is the first shelf prospectus to be filed by Wells Fargo under the new national shelf distribution system.

Wells Fargo was represented by in-house counsel Steve Wagner, and by Gowling Lafleur Henderson LLP with a team consisting of Paul Harricks, Todd May and Bernadette Corpuz. The lead dealer under the program was RBC Dominion Securities Inc., and included BMO Nesbitt Burns, Inc., CIBC World Markets Inc. and TD Securities Inc. Steven Smith and Lynne Woollcombe of Osler, Hoskin & Harcourt LLP represented the dealers.