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URL:  https://boards.fool.com/while-i-agree-that-the-wfc-common-increasing-to-34420919.aspx

Subject:  Re: TLT vs WFC.PR.L Date:  2/26/2020  1:27 PM
Author:  aj485 Number:  85587 of 86212

While I agree that the WFC common increasing to ~3.5 times the current value to force a conversion of WFC-L

Sorry, this should have read While I agree that the WFC common increasing to ~4.5 times the current value to force a conversion of WFC-L

It was late, and I forgot to adjust for the 130% requirement on WFC. That would mean that if WFC common reaches $203.72 (at current conditions - there are conditions for adjusting the conversion price downward in the prospectus), management could call a mandatory conversion for WFC-L.

The calculation on the possible BAC-L mandatory conversion at a common price of $65 is correct.

AJ
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