Every 424B that Wells Fargo & Co. (WFC) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow WFC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full WFC filings page.
Wells Fargo Finance LLC is offering Market Linked Securities, Series B medium‑term notes, linked to the common stock of Axon Enterprise, Inc. Each note has a $1,000 face amount, pays a contingent quarterly coupon only if Axon’s closing price on the relevant calculation day is at or above the coupon threshold, and may be automatically called if Axon is at or above the starting value on specified dates from February 2027 to May 2029.
The starting value of Axon is $607.20, with both the coupon threshold and downside threshold set at 50% of that level ($303.60). The contingent coupon rate will be set on the pricing date and will be at least 21.10% per annum, paid only when the threshold is met, with a “memory” feature that can make up missed coupons later. If the notes are not called and Axon finishes below the downside threshold on the final calculation day in August 2029, investors receive $1,000 × (ending value/starting value) and can lose more than 50%, up to their entire principal; if Axon finishes at or above the downside threshold, principal is repaid but no upside on Axon is paid.
The securities are unsecured obligations of Wells Fargo Finance LLC, fully and unconditionally guaranteed by Wells Fargo & Company, and are subject to their credit risk. They will not be listed on any exchange and are designed to be held to automatic call or the stated maturity date of August 9, 2029. The current estimated value is approximately $953.10 per $1,000 note and will not be less than $900 on the pricing date, reflecting selling, structuring, hedging and funding costs borne by investors.
Wells Fargo Finance LLC is offering auto-callable, equity index-linked notes tied to the S&P 500 Index, fully and unconditionally guaranteed by Wells Fargo & Company. Each security has a $1,000 face amount, no interest, no dividends and no exchange listing.
The notes may be automatically called on annual call dates through August 28, 2030 if the S&P 500 closing value is at or above the starting value, paying at least 8.00%, 16.00%, 24.00% or 32.00% of face amount depending on the call year. If not called, principal is protected only by a 7.50% buffer: you receive $1,000 at maturity if the index is down by no more than 7.50%, but lose 1% of principal for every 1% decline beyond that, up to a 92.50% loss. The preliminary estimated value is $961.40 per $1,000 (not less than $930.00 on pricing), reflecting selling, structuring, hedging and funding costs, and all payments are subject to the credit risk of Wells Fargo Finance LLC and Wells Fargo & Company.
Wells Fargo Finance LLC is offering market-linked, auto-callable notes due August 17, 2029, linked to the worst performer of Amazon, Meta and NVIDIA stock. The notes pay a monthly contingent coupon at a rate to be set on the pricing date, at least 13.00% per annum, but only if the lowest performing underlier on each calculation day is at or above 50% of its starting value, with a “memory” feature that can make up missed coupons later.
From February 2027 to July 2029, if the lowest performer is at or above 95% of its starting value on a calculation day, the notes are automatically called at par plus the applicable coupon and any unpaid coupons. If not called, at maturity investors receive $1,000 per note only if the lowest performer is at or above 50% of its starting value; otherwise they are fully exposed to the decline from the starting value and can lose more than 50%, up to all principal, and never participate in any upside of the stocks.
The notes are unsecured obligations of Wells Fargo Finance LLC, fully and unconditionally guaranteed by Wells Fargo & Company, with all payments subject to their credit risk. The original offering price is $1,000 per security, with an agent discount of $18.25 and issuer proceeds of $981.75 per security. The current estimated value is approximately $958.50 per security and will not be less than $920.00 on the pricing date.
Wells Fargo Finance LLC is issuing market-linked notes tied to the S&P 500® Index, fully and unconditionally guaranteed by Wells Fargo & Company. Each security has a $1,000 face amount, no periodic interest, no dividends, and matures on September 23, 2027.
At maturity, if the index ending value is at or above the starting value of 7,736.52, investors receive $1,000 plus a contingent fixed return of at least 12.35% (at least $123.50). If the index declines but stays at or above the 10% buffer level (threshold value 6,962.868), investors receive the $1,000 face amount. Below the threshold, investors have 1-to-1 downside exposure beyond the 10% buffer and may lose up to 90% of principal.
The preliminary estimated value is approximately $997 per security and will not be less than $967 on the pricing date, reflecting selling, structuring, hedging and funding costs, so secondary market values are expected to be below the $1,000 issue price. The notes are unsecured obligations subject to the credit risk of Wells Fargo Finance LLC and Wells Fargo & Company, will not be listed on an exchange, and may have limited or no secondary market liquidity.
Wells Fargo Finance LLC is offering Medium-Term Notes, Series B that are equity index-linked and fully and unconditionally guaranteed by Wells Fargo & Company. These callable securities, due August 11, 2031, are linked to the worst-performing of the Dow Jones Industrial Average, Russell 2000 Index and S&P 500 Index.
Investors receive quarterly contingent coupons at a rate of at least 9.90% per annum only if, on each calculation day, the lowest-performing index is at or above 70% of its starting value. Principal is protected at maturity only if the worst index is at or above 60% of its starting value; otherwise, investors lose more than 40%, up to the entire $1,000 face amount per security.
Wells Fargo may redeem the notes quarterly starting about six months after issuance at par plus any due coupon, which can cap income if markets are favorable. The notes are unsecured, subject to the credit risk of the issuer and guarantor, have an estimated value of about $978.50 per security (not less than $948.50 at pricing), and will not be listed, implying limited liquidity and potentially discounted secondary prices.
Wells Fargo Finance LLC is offering market-linked, principal-at-risk notes linked to the Russell 2000® Index, fully and unconditionally guaranteed by Wells Fargo & Company. Each security has a $1,000 face amount, no interest payments, and no listing, and is designed to be held to maturity on September 23, 2027.
At maturity, the cash payment per security depends on index performance from the starting value 3,036.975 to the ending value. If the index is at or above the starting value, investors receive $1,000 plus a contingent fixed return of at least 15.63% ($156.30). If the index is down but not below the 90% threshold (10% buffer), investors receive $1,000. If it falls below the threshold, repayment is reduced 1‑for‑1 beyond the 10% buffer, with up to a 90% loss of principal possible. The current estimated value is $997.10 per security (not less than $967.00 on the pricing date), reflecting selling, structuring, hedging and funding costs, and secondary market prices, if any, are expected to be below the original offering price.
Wells Fargo Finance LLC, fully guaranteed by Wells Fargo & Company, is issuing equity index and ETF–linked Medium-Term Notes, Series B, tied to the lowest performing of the Russell 2000 Index, S&P 500 Index and State Street Utilities Select Sector SPDR ETF. The notes pay a contingent coupon of 11.10% per annum, payable monthly only if on each calculation day the lowest performing underlier is at or above its coupon threshold value, set at 70% of its starting value.
The securities are callable at the issuer’s option on monthly dates starting about six months after issuance; if called, investors receive the $1,000 face amount plus any due coupon. If not redeemed, at maturity on August 7, 2031 investors receive $1,000 only if the lowest performing underlier on the final calculation day is at or above its downside threshold value, set at 65% of starting value. Otherwise, repayment is $1,000 multiplied by that underlier’s performance factor, exposing holders to losses of more than 35% and potentially all principal.
The original offering price is $1,000 per security in a $1.5 million issuance, with an estimated value of $980.28 per note based on Wells Fargo Securities’ proprietary models, reflecting embedded costs and issuer funding economics. The notes are unsecured obligations subject to the credit risk of Wells Fargo Finance LLC and Wells Fargo & Company, pay no dividends, are not FDIC insured and are not listed on any exchange, and may be difficult to sell before maturity.
Wells Fargo Finance LLC is planning to issue unsecured medium‑term market‑linked notes, fully and unconditionally guaranteed by Wells Fargo & Company, that are linked to the lowest performing of the Russell 2000® Index, the S&P 500® Index and the State Street® Utilities Select Sector SPDR® ETF. The notes pay a monthly contingent coupon only if, on the relevant calculation day, the lowest performing underlier is at or above its coupon threshold, set at 70% of its starting value. The contingent coupon rate will be at least 11.10% per annum.
If the notes are not called and, on the final calculation day, the lowest performing underlier is at or above its downside threshold, set at 65% of its starting value, investors receive the $1,000 face amount at maturity; otherwise repayment is reduced in proportion to the underlier’s decline, with losses of more than 35% and up to all principal possible. Wells Fargo may redeem the notes monthly beginning around January 2027 at face value plus any due coupon. The original offering price is $1,000 per note, including up to $7.50 agent discount, while the estimated value is about $975 per note and in no event below $945, reflecting selling, structuring and hedging costs. The notes are subject to Wells Fargo credit risk, are not insured, will not be listed on an exchange and may have limited or no secondary market.
Wells Fargo Finance LLC is offering Market Linked Securities, Series B medium-term notes, fully and unconditionally guaranteed by Wells Fargo & Company, that are linked to the lowest performing of the Dow Jones Industrial Average, Nasdaq‑100 Index and S&P 500 Index and mature on August 1, 2030. Each security has a $1,000 face amount and pays quarterly contingent coupons at a rate set on the pricing date, expected to be at least 11.10% per annum, but only if on the relevant calculation day the lowest performing index is at or above 65% of its starting value. From January 2027 through April 2030, if on any calculation day the lowest performing index is at or above its starting value, the notes are automatically called for $1,000 plus the applicable coupon. If not called, principal is protected only if, on the final calculation day, the lowest performing index is at or above 65% of its starting value; otherwise, investors are fully exposed to the decline of that index and may lose more than 35%, up to all, of principal. The notes are unsecured obligations subject to the credit risk of Wells Fargo Finance LLC and Wells Fargo & Company and are not listed on any exchange. The preliminary estimated value is about $983.50 per $1,000 security, and will not be less than $953.00 on the pricing date.
Wells Fargo Finance LLC is offering equity index-linked, auto-callable Medium-Term Notes, fully guaranteed by Wells Fargo & Company, linked to the lowest performing of the Dow Jones Industrial Average, Nasdaq-100 Index and S&P 500 Index, maturing August 1, 2030. Each security has a $1,000 face amount and pays a quarterly contingent coupon only if the lowest performing index on the relevant calculation day is at or above its coupon threshold, set at 65% of its starting value. The contingent coupon rate will be at least 11.10% per annum.
From January 2027 through April 2030, if the lowest performing index on a calculation day is at or above its starting value, the notes are automatically called for $1,000 plus a final coupon. If not called, at maturity holders receive $1,000 only if the lowest performing index is at or above its downside threshold, also 65% of its starting value; otherwise repayment is reduced one-for-one with the index decline, potentially to zero. Investors do not participate in any upside of the indices and receive no dividends. The current estimated value is about $983.50 per $1,000 security, and all payments are subject to the credit risk of Wells Fargo Finance LLC and Wells Fargo & Company.
Wells Fargo Finance LLC is offering market-linked, auto-callable structured notes linked to the common stock of Uber Technologies, Inc., fully and unconditionally guaranteed by Wells Fargo & Company. Each security has a $1,000 face amount (fee-based advisory accounts pay $976.50) and is scheduled to mature on August 10, 2029, unless automatically called earlier.
The notes pay a quarterly contingent coupon only if Uber’s closing stock price on the relevant calculation day is at or above a coupon threshold equal to 75% of the starting value. The contingent coupon rate will be at least 13.60% per annum, and missed coupons can be "remembered" and paid later if the threshold is subsequently met. From February 2027 through May 2029, if Uber’s closing value on any calculation day is at or above the starting value, the notes are automatically called at par plus the applicable coupon(s).
If not called, investors receive par at maturity only if the final Uber price is at or above a downside threshold set at 75% of the starting value. If the final price is below this level, repayment is reduced in proportion to Uber’s decline from the starting value, resulting in a loss of more than 25% and up to 100% of principal. The current estimated value is approximately $959.60 per $1,000 security (not less than $920.00 on the pricing date), reflecting selling, structuring, hedging and funding costs. The notes are unsecured, subject to the credit risk of Wells Fargo Finance LLC and Wells Fargo & Company, pay no dividends on Uber, and are not expected to be listed or actively traded.
Wells Fargo Finance LLC is offering Accelerated Return Notes linked to the State Street Energy Select Sector SPDR ETF (XLE), fully and unconditionally guaranteed by Wells Fargo & Company. Each note has a $10 principal amount, a term of approximately 14 months, and provides 300% upside participation in the ETF’s average ending level, subject to a Capped Value of $12.25 to $12.65 per unit (a 22.50% to 26.50% maximum return). If the ETF finishes below its starting level, repayment falls 1-to-1 with the decline, down to a total loss of principal.
The notes pay no interest or dividends, all cash flows occur at maturity, and all amounts are subject to the credit risk of Wells Fargo Finance LLC and Wells Fargo & Company. The initial estimated value is expected between $9.10 and $9.50 per unit, below the $10 public offering price, reflecting an $0.175 underwriting discount and a $0.05 hedging-related charge per unit and other issuer funding considerations. The notes will not be listed on an exchange, secondary liquidity is expected to be limited, and investors are exposed to concentrated risks in the energy sector and to complex, uncertain U.S. federal tax treatment.
Wells Fargo Finance LLC is issuing Market Linked Securities—Auto-Callable with Contingent Coupon, fully and unconditionally guaranteed by Wells Fargo & Company, linked to the worst performer of the Nasdaq‑100, Russell 2000, and S&P 500 indices and maturing August 2, 2030. The total offering is $4,136,000, at $1,000 per security, with an initial estimated value of $957.95 per security.
The notes pay a 10.50% per annum contingent coupon, assessed quarterly, only if the lowest-performing index on the calculation day is at or above 75% of its starting value. From January 2027 through April 2030, the notes are automatically called at par plus coupon if the lowest-performing index is at or above its starting value.
If not called, principal is protected at maturity only if the lowest-performing index is at or above its 75% downside threshold; otherwise, investors are fully exposed to the decline of that index and may lose most or all of principal. The securities are unsecured, subject to Wells Fargo’s credit risk, and are not listed on any exchange, with limited or no secondary market expected.
Wells Fargo Finance LLC is issuing Market Linked Securities—Auto-Callable with Contingent Downside Principal at Risk, linked to the iShares® Expanded Tech-Software Sector ETF (IGV), fully and unconditionally guaranteed by Wells Fargo & Company. Each security has a $1,000 face amount, with total original offering of $478,000.00.
The notes pay no interest and may be automatically called on specified dates through July 31, 2029 if IGV’s closing value is at or above the starting value of $94.58, returning face amount plus a fixed call premium that steps up from 15.00% to 45.00%. If not called, at maturity on August 3, 2029 investors receive $1,000 if the ETF’s ending value is at or above the threshold value of $70.935 (75% of the starting value), otherwise they are fully exposed to downside based on the performance factor and can lose up to all principal.
The notes are unsecured obligations of Wells Fargo Finance LLC, guaranteed by Wells Fargo & Company, and subject to their credit risk. The current estimated value is $964.09 per $1,000 note, below the issue price due to selling, structuring, hedging and funding costs. The securities are not listed on any exchange and are designed to be held to automatic call or maturity.
Wells Fargo Finance LLC, fully guaranteed by Wells Fargo & Company, is issuing ETF-linked medium-term notes tied to the VanEck Gold Miners ETF (GDX) and the iShares Silver Trust (SLV), with a total face amount of $1,496,000 and $1,000 per security.
The notes pay a contingent coupon of 18.00% per annum, payable quarterly only if the lowest performing Underlier on each calculation day is at or above 70% of its starting value. From January 2027 through April 2029, the notes are auto-callable at par plus the coupon if the lowest performing Underlier is at or above its starting value.
If not called, principal repayment at maturity in August 2029 depends on the worst Underlier: investors receive full face amount only if its final value is at or above 70% of its starting value; otherwise they are fully exposed to downside and can lose more than 30% and up to all principal. There is no upside participation in either ETF, no dividends, and all payments are subject to the credit risk of Wells Fargo Finance LLC and Wells Fargo & Company. The estimated value is $938.34 per $1,000 security, below the offering price, and the notes are not exchange-listed, with uncertain secondary liquidity.
Wells Fargo Finance LLC is issuing medium-term market-linked notes tied to the common stock of Fair Isaac Corporation, fully and unconditionally guaranteed by Wells Fargo & Company. Each security has a $1,000 face amount and is scheduled to mature on August 2, 2029, unless automatically called earlier.
Investors may receive a quarterly contingent coupon at a rate of 15.00% per annum, but only if the Underlier’s closing value on the relevant calculation day is at or above the coupon threshold value, set at $569.77, which is 50% of the starting value of $1,139.54. Missed coupons can be paid later if the Underlier subsequently meets the threshold, but there is no guarantee any coupons will ever be paid.
From January 2027 through April 2029, if the Underlier’s closing value on a quarterly calculation day is at or above the starting value, the notes are automatically called for $1,000 plus the applicable coupon(s). If not called, principal repayment at maturity depends on the final Underlier value relative to the downside threshold, also $569.77. If the ending value is below this level, principal is reduced in proportion to the Underlier’s decline, with losses greater than 50% and potentially a total loss. The notes do not participate in any upside of the Underlier or pay dividends, are unsecured obligations subject to the credit risk of Wells Fargo Finance LLC and Wells Fargo & Company, are not insured, and will not be listed on any exchange. The current estimated value is $952.10 per security, below the $1,000 original offering price, reflecting selling, structuring, hedging and funding costs.
Wells Fargo Finance LLC is issuing medium-term, auto-callable equity-linked notes fully guaranteed by Wells Fargo & Company, linked to the Class A common stock of CoreWeave, Inc. (CRWV). Each security has a $1,000 face amount and pays no interest or dividends.
About one year after issuance, if CRWV’s closing value is at least 60% of the $71.77 starting value (a call threshold of $43.062), the notes are automatically called for $1,000 plus a call premium of at least 40% (at least $400). If not called, at maturity in August 2029 investors receive: $1,000 plus 200% of any positive stock return; $1,000 if the stock is down by no more than 40%; or $1,000 plus the full negative return if the stock has fallen more than 40%, risking most or all principal.
The estimated value is about $939.20 per $1,000 security (not less than $880.00) due to selling, structuring, hedging and funding costs. The notes are unsecured, subject to the credit risk of Wells Fargo Finance LLC and Wells Fargo & Company, and are not listed on any exchange.
Wells Fargo Finance LLC is issuing Market Linked Securities, Series B, fully and unconditionally guaranteed by Wells Fargo & Company, that are auto-callable, contingent-coupon, principal-at-risk notes linked to the lowest performing of the Nasdaq-100 Index®, the Russell 2000® Index and the S&P 500® Index, maturing September 6, 2030. Each security has a $1,000 face amount and may pay a quarterly contingent coupon of at least 11.00% per annum if, on the relevant calculation day, the lowest performing index is at or above 75% of its starting value. From February 2027 through May 2030, if on any calculation day the lowest performing index is at or above its starting value, the notes are automatically called for $1,000 plus the coupon, ending further payments. If not called, at maturity investors receive $1,000 only if the lowest performing index is at or above 75% of its starting value; otherwise, repayment is reduced one-for-one with the decline and investors can lose more than 25%, up to all of principal. The current estimated value is approximately $959.90 per $1,000 security (and will not be less than $920.00), reflecting selling, structuring and hedging costs. All payments are unsecured and subject to the credit risk of Wells Fargo Finance LLC and Wells Fargo & Company, and the notes are not listed and are designed to be held to maturity or automatic call.
Wells Fargo Finance LLC is offering market-linked Medium-Term Notes, Series B, fully guaranteed by Wells Fargo & Company, that are auto‑callable equity index–linked securities tied to the lowest performing of the Russell 2000 Index, S&P 500 Index and EURO STOXX 50 Index, maturing September 6, 2030.
Each security has a $1,000 face amount and pays a contingent quarterly coupon only if the lowest performing index on the calculation day is at or above its coupon threshold, set at 70% of its starting value. The contingent coupon rate will be at least 9.50% per annum. From February 2027 through May 2030, if on any quarterly calculation day the lowest performing index is at or above its starting value, the notes are automatically called at face amount plus that quarter’s coupon.
If not called, principal repayment at maturity depends on the lowest performing index on the final calculation day. If it is at or above its downside threshold (70% of its starting value), holders receive $1,000; otherwise repayment is reduced proportionally to the index decline, with the risk of losing most or all principal. Investors do not receive dividends, do not participate in any index upside, face full issuer and guarantor credit risk, and the notes are not exchange‑listed. The current estimated value is approximately $953.80 per $1,000 security, and will not be less than $920.00 on the pricing date.
Wells Fargo Finance LLC is offering market-linked, auto-callable notes due September 6, 2030, fully and unconditionally guaranteed by Wells Fargo & Company. Each security has a $1,000 face amount and pays a quarterly contingent coupon only if the lowest performing of the Nasdaq-100 Index®, Russell 2000® Index and EURO STOXX 50® Index (the “Underliers”) is at or above 75% of its starting value on the relevant calculation day. The contingent coupon rate will be set on the pricing date at not less than 12.40% per annum.
From February 2027 to May 2030, if on any calculation day the lowest performing Underlier is at or above its starting value, the notes are automatically called for $1,000 plus the applicable coupon. If not called, at maturity investors receive $1,000 only if the lowest performing Underlier on the final calculation day is at or above 75% of its starting value; otherwise principal is reduced 1:1 with the Underlier’s decline, potentially to zero. The notes do not participate in any upside of the Underliers and pay no dividends. The current estimated value is approximately $954.20 per $1,000 security, and in all cases will be at least $920.00 on the pricing date, reflecting selling, structuring, hedging and funding costs. The securities are unsecured, subject to Wells Fargo’s credit risk, and are not listed, so liquidity may be limited.
Wells Fargo Finance LLC is issuing market-linked securities tied to the lowest performing of the Dow Jones Industrial Average and the S&P 500 Index, fully and unconditionally guaranteed by Wells Fargo & Company. Each security has a $1,000 face amount and matures on August 29, 2031, with no interim interest or dividend payments.
At maturity, if the lowest performing index ends above its starting value, investors receive $1,000 plus at least 128.00% of that index’s percentage gain. If the lowest performing index is flat or down by up to 30%, investors receive $1,000. If it falls by more than 30%, the maturity amount is $1,000 plus the full index return, exposing investors to losses greater than 30% and potentially a complete loss of principal.
The original offering price is $1,000 per security (or $965 in fee-based advisory accounts), including an agent discount of up to $35. The preliminary estimated value is about $950.90 per security, and will not be less than $920.00 on the pricing date, reflecting selling, structuring, hedging and funding costs. The notes are unsecured obligations subject to Wells Fargo Finance LLC and Wells Fargo & Company credit risk and are not listed on any exchange, with no assurance of a secondary market. Tax treatment is described as a prepaid derivative contract but remains uncertain.
Wells Fargo Finance LLC is issuing market-linked notes tied to the Invesco QQQ Trust℠, Series 1, fully and unconditionally guaranteed by Wells Fargo & Company, maturing on August 11, 2027. Each security has a $1,000 face amount and pays no interest.
At maturity, investors receive $1,000 plus 100% of any QQQ gain, capped at a 13.25% maximum return, for a maximum payment of $1,132.50 per security. If QQQ is flat or down by up to the 10% buffer, investors receive $1,000. Below the 10% buffer, losses are 1-to-1, with up to 90% of principal at risk.
The starting value of QQQ is $683.55 with a 90% threshold of $615.195. The securities are not listed, are intended to be held to maturity, and are subject to the credit risk of Wells Fargo Finance LLC and Wells Fargo & Company. The estimated value on the pricing date is $965.74 per security, below the $1,000 offering price due to selling, structuring, hedging and funding costs.
Wells Fargo Finance LLC is offering Trigger Autocallable GEARS principal-at-risk notes linked to the EURO STOXX 50® Index, fully and unconditionally guaranteed by Wells Fargo & Company. Each Security has a $10 Principal Amount and an Original Offering Price of $10 and does not pay periodic interest or dividends.
On the Observation Date (August 20, 2027), if the index Closing Value is at least the Autocall Barrier of 100% of the Initial Underlier Value, the notes are automatically called and pay a fixed Call Price of $11.80 per Security, reflecting an 18.00% Call Return. Investors then forgo any further upside in the index.
If not called, at maturity on or about August 15, 2031, a positive index return pays $10 plus the index return multiplied by an Upside Gearing between 1.53 and 1.73. If the index is flat or down but at or above the Downside Threshold of 75% of the Initial Underlier Value, principal is repaid. If the Final Underlier Value is below this threshold, repayment is reduced one-for-one with the index loss, up to a total loss of principal.
The notes are unsecured obligations subject to the credit risk of Wells Fargo Finance LLC and Wells Fargo & Company, will not be listed on any exchange, and may have limited or no secondary market. The current estimated value is approximately $9.72 per Security (not less than $9.42) due to selling, structuring, hedging and funding costs.
Wells Fargo Finance LLC is offering equity-linked, auto-callable market-linked securities tied to the Class A common stock of CrowdStrike Holdings, Inc., fully and unconditionally guaranteed by Wells Fargo & Company. Each security has a $1,000 face amount (minimum denomination $1,000) and pays a fixed quarterly coupon at a per annum rate to be set on the pricing date, which will be at least 12.00% per annum, until automatic call or maturity on August 19, 2030.
The notes may be automatically called quarterly starting in August 2027 if the CrowdStrike share price is at or above the starting value, in which case investors receive the face amount plus a final coupon. If not called, principal is protected only if the final share price is at or above a threshold value equal to 50% of the starting value; otherwise, repayment is $1,000 multiplied by the performance factor, exposing investors to losses greater than 50% and possibly all principal. The estimated value is approximately $964.70 per security and will not be less than $934.70 on the pricing date, below the original offering price of $1,000 (or $969 in fee-based accounts). All payments are unsecured and subject to the credit risk of Wells Fargo Finance LLC and Wells Fargo & Company, and the securities will not be listed or guaranteed a secondary market.
Wells Fargo Finance LLC is offering market-linked, auto-callable securities tied to the common stock of Snowflake Inc. (SNOW), fully and unconditionally guaranteed by Wells Fargo & Company. Each note has a $1,000 face amount and pays a fixed quarterly coupon at a per annum rate of at least 12.55% until automatic call or maturity.
The notes may be automatically called quarterly from August 2027 if Snowflake’s closing value is at or above the starting value, in which case investors receive $1,000 plus a final coupon. If not called, principal repayment at maturity in August 2030 depends on Snowflake’s final value versus a threshold value equal to 50% of the starting value. Below this threshold, repayment is $1,000 times the performance factor, exposing investors to losses greater than 50% and potentially the full principal, with no upside participation or dividends. The current estimated value is about $956.20 per $1,000 note (not less than $926.20 at pricing), reflecting selling, structuring, hedging and funding costs. The notes are unsecured, subject to Wells Fargo Finance LLC and Wells Fargo & Company credit risk, and are not listed on any exchange.
Wells Fargo Finance LLC is offering market-linked notes with a $1,000 face amount per security, fully and unconditionally guaranteed by Wells Fargo & Company. The notes are linked to the common stock of Fair Isaac Corporation (FICO) and pay a quarterly contingent coupon only if the stock’s closing value on each calculation day is at least 50% of the starting value. The contingent coupon rate will be set on the pricing date at no less than 15.00% per annum and includes a memory feature that can restore previously missed coupons if conditions are later met.
The notes are auto-callable quarterly from January 2027 through April 2029 if FICO’s closing value is at or above the starting value, in which case investors receive the face amount plus applicable coupons. If not called, principal is protected at maturity only if the final stock value is at least 50% of the starting value; otherwise repayment is reduced in full proportion to the decline, with investors potentially losing all principal. The current estimated value is approximately $955.10 per $1,000 security (and will not be less than $920.00 on the pricing date), reflecting selling, structuring, hedging and funding costs. The securities are unsecured obligations subject to Wells Fargo’s and the guarantor’s credit risk and are not listed on any exchange.
Wells Fargo Finance LLC is issuing $19.8 million of Trigger Autocallable Contingent Yield Notes, Series B, linked to the least performing of the Dow Jones Industrial Average® and the Nasdaq-100 Index®, fully and unconditionally guaranteed by Wells Fargo & Company. The notes pay a contingent coupon of 8.50% per annum, with quarterly payments only if each index remains at or above its Coupon Barrier (70% of its initial level). The notes may be automatically called quarterly, beginning about six months after settlement, if each index is at or above its initial level, in which case investors receive principal plus the final coupon. If not called and on the Final Valuation Date either index is below its Downside Threshold (60% of initial), repayment is reduced in line with the negative return of the worst index, up to a total loss of principal. The notes are unsecured, subject to Wells Fargo’s and the guarantor’s credit risk, are not listed, and have an initial estimated value of $9.59 per $10 note.
Wells Fargo Finance LLC is issuing $5,998,600 of Trigger Autocallable Contingent Yield Notes, Series B, fully and unconditionally guaranteed by Wells Fargo & Company, linked to the least performing of the Dow Jones Industrial Average® and the Nasdaq‑100 Index®. The Notes have a term of approximately 5 years, maturing on July 29, 2031, unless automatically called earlier on quarterly call dates beginning in January 2027.
The Notes pay a quarterly contingent coupon at 11.30% per annum (i.e., $0.2825 per $10 Note) only if on each observation date both indices close at or above their Coupon Barriers, set at 70% of their initial levels (36,363.08 for the Dow and 19,689.84 for the Nasdaq‑100). Principal is protected at maturity only if both final index values are at or above their Downside Thresholds, set at 60% of initial levels (31,168.35 and 16,877.00). If any index finishes below its Downside Threshold, repayment is reduced dollar‑for‑dollar with the negative return of the Least Performing Underlier and investors can lose a significant portion or all of principal.
The original offering price is $10.00 per Note, while the current estimated value is $9.82 per Note, reflecting structuring, hedging and funding costs. The Notes are unsecured obligations subject to the credit risk of Wells Fargo Finance LLC and Wells Fargo & Company, will not be listed, may have limited or no secondary market, and involve complex features and substantial risks, including the possibility of receiving few or no coupons.
Wells Fargo Finance LLC is issuing Market Linked Securities (Medium-Term Notes, Series B) linked to the Class A common stock of Space Exploration Technologies Corp. (SPCX), fully and unconditionally guaranteed by Wells Fargo & Company. Each security has a $1,000 face amount and is scheduled to mature on July 27, 2029, unless automatically called earlier.
Investors may receive a 28.75% per annum contingent coupon, paid quarterly at ($1,000 × 28.75%)/4, but only if on each calculation day the Underlier’s closing value is at least the coupon threshold value, set at $59.12, which is 50% of the $118.24 starting value. The same 50% level is the downside threshold value. From January 2027 through April 2029, if the Underlier’s closing value on a calculation day is at or above the starting value, the notes are automatically called for the face amount plus the final contingent coupon.
If the notes are not called and the final Underlier value is at or above the downside threshold, investors receive $1,000 per security at maturity; if it is below the downside threshold, the maturity payment is $1,000 × (ending value/starting value), exposing holders to losses greater than 50% and up to a full loss of principal. Investors do not participate in any Underlier appreciation and receive no dividends. All payments are unsecured and subject to the credit risk of Wells Fargo Finance LLC and Wells Fargo & Company. The estimated value on the pricing date is $949.21 per security, below the $1,000 original offering price, reflecting selling, structuring, hedging and funding costs. The total offering is $600,000, with up to $23.50 per security in agent discount and $585,900 in proceeds to the issuer; fee-based accounts pay $976.50 with no agent discount.
Wells Fargo Finance LLC is offering market-linked, auto-callable notes due July 29, 2030, fully and unconditionally guaranteed by Wells Fargo & Company. The notes are linked to the lowest performing of the Russell 2000® Index and the EURO STOXX 50® Index.
Investors receive a 9.34% per annum contingent coupon, paid quarterly only if on each calculation day the lowest performing index is at or above its coupon threshold, set at 70% of its starting value
If not called, principal is protected at maturity only if the lowest performing index on the final calculation day is at or above its downside threshold, also 70% of starting value; below that level, principal loss is one-for-one with index decline and can reach 100%. The notes do not participate in any index upside or dividends and all payments are unsecured and subject to the credit risk of Wells Fargo Finance LLC and Wells Fargo & Company. The total offering is $2,229,000 at $1,000 face amount per security, with an estimated value of $956.55 per security.
WELLS FARGO & COMPANY (WFC), via Wells Fargo Finance LLC, is issuing $5,245,000 of Trigger Callable Contingent Yield Notes, Series B, principal‑at‑risk medium‑term notes linked to the least performing of the Nasdaq‑100, Russell 2000 and S&P 500 indices, maturing April 26, 2030.
The Notes pay a 12.71% per annum Contingent Coupon (about $0.3178 per $10 per quarter) only if on every eligible trading day in a quarter each index stays at or above its Coupon Barrier (70% of its initial level). Wells Fargo may redeem the Notes quarterly (after six months) at par plus any due coupon, ending all further payments.
At maturity, if not redeemed and each index is at or above its Downside Threshold (60% of its initial level), investors receive principal plus any final coupon. If any index finishes below its Downside Threshold, repayment is reduced one‑for‑one with the negative return of the worst index, up to a complete loss of principal. The Notes are unsecured obligations of Wells Fargo Finance LLC, fully and unconditionally guaranteed by WFC, will not be listed, and carry an estimated value of $9.70 per $10 Note, below the $10 offering price due to selling, structuring, hedging and funding costs.
WELLS FARGO & COMPANY (WFC), through Wells Fargo Finance LLC, is offering $20,510,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Russell 2000, S&P 500 and EURO STOXX 50 indices. The notes pay a 13.00% per annum contingent coupon (0.325 per $10 note quarterly) only if on every eligible trading day in a quarter each index stays at or above its Coupon Barrier of 70% of its initial level; any breach cancels that quarter’s coupon.
The issuer can redeem the notes quarterly starting about six months after settlement, at par plus any due coupon. If not redeemed, principal repayment at maturity on January 28, 2030 is contingent: if each index’s final level is at least 60% of its initial level (its Downside Threshold), holders receive par plus any final coupon; if any index is below its Downside Threshold, repayment is reduced in line with the negative return of the worst-performing index, with loss of up to all principal. The notes are unsecured obligations of Wells Fargo Finance LLC, fully and unconditionally guaranteed by WFC, will not be listed, have an original issue price of $10 per note, and an estimated value of $9.81 per note based on affiliate pricing models.
WELLS FARGO & COMPANY/MN (WFC), through Wells Fargo Finance LLC, is offering market-linked medium-term notes with a $1,000 face amount per security, linked to the worst of the Nasdaq-100 Index, Russell 2000 Index and S&P 500 Index, maturing August 4, 2031. The notes pay a quarterly contingent coupon only if the lowest performing index on each calculation day is at or above its coupon threshold set at 70% of its starting value; the annual coupon rate will be at least 12.35%. Issuer may redeem the notes quarterly starting around January 2027 at par plus any due coupon. If not redeemed and the worst index finishes below its downside threshold (also 70% of start), investors lose more than 30% and up to all principal, with no upside participation or dividends. The current estimated value is about $976.90 per $1,000, and will not be less than $946.90 on pricing, reflecting selling, structuring, hedging and funding costs; notes are unsecured obligations subject to Wells Fargo’s credit and are not exchange listed.
Wells Fargo Finance LLC plans to issue unsecured Market Linked Securities tied to the Class A common stock of Space Exploration Technologies Corp., fully and unconditionally guaranteed by Wells Fargo & Company. Each note has a $1,000 face amount and a term to July 27, 2029, with quarterly calculation days starting October 2026.
The notes pay a contingent coupon of at least 28.75% per annum, payable quarterly only if the Underlier’s closing value is at or above the coupon threshold, set at 50% of the starting value. The starting value is $118.24, and both the coupon threshold and downside threshold are $59.12. From January 2027 through April 2029, if the Underlier’s closing value on any calculation day is at or above the starting value, the notes are automatically called for par plus the final coupon.
If the notes are not called and the final Underlier value is below the downside threshold, investors are fully exposed to the decline from the starting value and can lose more than 50%, up to their entire principal; any upside in the Underlier is not passed through. The original offering price is $1,000 (or $976.50 for fee-based accounts) with an agent discount up to $23.50 per note. The estimated value is approximately $950.60 per note, and at pricing will not be below $900.60. The notes are not listed and all payments are subject to the credit risk of Wells Fargo Finance LLC and Wells Fargo & Company.
Wells Fargo Finance LLC, fully guaranteed by Wells Fargo & Company, is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100 Index®, Russell 2000® Index and S&P 500® Index. Each Note has a $10 principal amount and a term of approximately 3.75 years, maturing on April 26, 2030, unless called earlier.
The Notes pay a quarterly Contingent Coupon at a rate of at least 12.71% per annum (at least $0.3178 per quarter) only if, on every eligible trading day in the period, each index stays at or above its Coupon Barrier of 70% of its initial level. Wells Fargo may redeem the Notes quarterly, beginning about six months after settlement, at $10 per Note plus any due coupon.
If the Notes are not redeemed and on the final valuation date each index is at or above its Downside Threshold of 60% of its initial level, investors receive $10 per Note plus any final coupon. If any index finishes below its Downside Threshold, repayment is reduced in proportion to the negative return of the worst-performing index, exposing principal up to full loss. The initial estimated value is approximately $9.71 per Note, with a minimum of $9.40, below the $10 offering price, reflecting selling, structuring, hedging and funding costs. The Notes are unsecured, subject to Wells Fargo credit risk, and will not be listed on any exchange.
Wells Fargo Finance LLC, fully guaranteed by Wells Fargo & Company, is issuing Trigger Callable Contingent Yield Notes maturing on or about January 28, 2030, linked to the least performing of the Russell 2000®, S&P 500® and EURO STOXX 50® indices. Each Note has a $10 principal amount and pays a quarterly Contingent Coupon at a rate of at least 13.00% per annum only if, on every eligible trading day in the quarter, all three indices stay at or above 70% of their Initial Underlier Value (the Coupon Barrier. The issuer may redeem the Notes quarterly, beginning about six months after settlement, at par plus any due coupon, ending all future payments.
If not redeemed, principal is protected at maturity only if each index is at or above 60% of its Initial Underlier Value (the Downside Threshold). Otherwise, repayment is reduced dollar‑for‑dollar with the negative return of the worst index, with potential total loss of principal. The Notes’ estimated value is $9.78 per $10 Note (not less than $9.40) due to selling, hedging and funding costs. They are unsecured, subject to Wells Fargo’s credit risk, pay no dividends, and are not listed on any exchange.
Wells Fargo Finance LLC is issuing $64,789,150 of Trigger Callable Contingent Yield Notes, Series B, linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500 indices. The notes are guaranteed by Wells Fargo & Company and priced at $10 per note with an estimated value of $9.76.
The notes pay a quarterly contingent coupon of 13.56% per annum ($0.3390 per note per period) only if, on every eligible trading day in the quarter, each index stays at or above its Coupon Barrier set at 70% of its initial level (e.g., NDX 19,918.37; RTY 2,058.114; SPX 5,185.81). The issuer may redeem the notes quarterly starting about six months after settlement, paying principal plus any due coupon.
If not redeemed, at maturity on April 25, 2030 investors receive principal only if each index’s final level is at or above its Downside Threshold (60% of initial: NDX 17,072.89; RTY 1,764.098; SPX 4,444.98). Otherwise, repayment is reduced in line with the negative return of the least performing index, exposing investors to substantial, potentially total loss of principal. The notes are unsecured, unlisted, and fully subject to the credit risk of Wells Fargo Finance LLC and Wells Fargo & Company.
Wells Fargo Finance LLC is offering Medium-Term Notes, Series B, fully and unconditionally guaranteed by Wells Fargo & Company, that are equity index-linked, auto-callable securities tied to the lowest performing of the Nasdaq-100 Index, Russell 2000 Index and S&P 500 Index. Each security has a $1,000 face amount, an original offering size of $15.3 million, and a scheduled maturity on July 26, 2029, unless automatically called earlier.
The notes pay a contingent coupon of 12.25% per annum, payable quarterly only if the lowest performing index on the relevant calculation day is at or above its coupon threshold value, set at 70% of its starting value; otherwise no coupon is paid. From January 2027 through April 2029, if on any quarterly calculation day the lowest performing index is at or above its starting value, the notes are automatically called for the $1,000 face amount plus that quarter’s coupon. If not called, principal repayment at maturity depends on the final level of the lowest performing index: investors receive $1,000 only if it is at or above its downside threshold value of 65% of its starting value; if below, the maturity payment is proportional to the index decline and investors can lose more than 35%, up to their entire principal.
The current estimated value is $983.98 per $1,000 security, reflecting selling, structuring, hedging and funding costs. Payments are unsecured and subject to the credit risk of Wells Fargo Finance LLC and Wells Fargo & Company. The securities are not listed on any exchange, may have limited or no secondary market, and embed complex features and tax considerations.
Wells Fargo Finance LLC, fully guaranteed by Wells Fargo & Company, is issuing S&P 500®-linked Market Linked Securities (Medium-Term Notes, Series B) maturing on August 26, 2027. Each security has a $1,000 face amount and pays no periodic interest or dividends.
At maturity, investors receive: (1) $1,120 per $1,000 (a 12.00% contingent fixed return) if the S&P 500 ending value is at or above the starting value of 7,509.20; (2) $1,000 if the index has declined but not by more than the 10% buffer (threshold value 6,758.28); or (3) less than $1,000, with 1-to-1 downside beyond the 10% buffer, potentially down to $100 (a 90% loss) if the index falls 100%.
The original offering price is $1,000 per security, with an agent discount of $1.00 and proceeds to the issuer of $999 per security, for a total offering size of $4,300,000. The current estimated value is $994.97 per security, reflecting selling, structuring, hedging and funding costs. The notes are unsecured obligations subject to the credit risk of Wells Fargo Finance LLC and Wells Fargo & Company, will not be listed on any exchange, may have limited or no secondary market, and involve complex payoff, tax and market risks.
Wells Fargo Finance LLC, fully guaranteed by Wells Fargo & Company, is offering S&P 500®-linked medium-term notes due July 20, 2029 with a face amount of $1,000 per security, original offering price of $1,000, and total offering size of $2,344,000.
These notes pay no interest and return at maturity depends on the S&P 500® Index level versus the starting value 7,457.69. Investors participate 100% in index gains up to a maximum return of 30.38%, for a maximum maturity payment of $1,303.80 per security. A 20% buffer applies: if the index decline is at or within 20%, principal is returned; beyond that, losses are 1‑for‑1 in excess of 20%, with up to 80% of principal at risk.
The notes are unsecured obligations of Wells Fargo Finance LLC, guaranteed by Wells Fargo & Company, and are subject to their credit risk. They are not listed, pay no dividends or coupons, and are intended to be held to maturity. The current estimated value is $960.13 per security, below the original price due to selling, structuring, hedging and funding costs.
Wells Fargo Finance LLC, guaranteed by Wells Fargo & Company, plans to issue medium-term, equity index-linked securities with a $1,000 face amount per note, linked to the worst-performing of the Dow Jones Industrial Average, Nasdaq-100 Index and Russell 2000 Index, maturing July 31, 2031.
The notes pay a contingent quarterly coupon at a rate set on the pricing date, at least 10.25% per annum, but only if the worst-performing index on that calculation day is at or above 75% of its starting value. From January 2027 to April 2031, the notes are auto-callable at par plus coupon if the worst index is at or above its starting value.
If not called, investors receive par at maturity only if the worst index on the final calculation day is at or above 75% of its starting value; otherwise, repayment is $1,000 multiplied by that index’s performance factor, exposing investors to losses greater than 25% and up to total loss of principal. The notes are unsecured, subject to the issuer’s and guarantor’s credit risk, are not listed on any exchange, and have an estimated value at pricing expected around $954.30 per note, not less than $920.00, below the $1,000 original offering price.
Wells Fargo Finance LLC is offering market-linked, auto-callable notes (Medium-Term Notes, Series B) fully and unconditionally guaranteed by Wells Fargo & Company. The securities are linked to the lowest performing of the Dow Jones Industrial Average®, Nasdaq-100 Index® and Russell 2000® Index and mature on July 31, 2031, unless automatically called earlier.
The notes pay a quarterly contingent coupon only if the lowest performing index on each calculation day is at or above its coupon threshold, set at 75% of its starting value. The contingent coupon rate will be at least 10.25% per annum. From January 2027 to April 2031, if the lowest performing index is at or above its starting value on any calculation day, the notes are automatically called at par plus the applicable coupon. If not called, principal is protected only if the lowest performing index on the final calculation day is at or above its downside threshold, also 75% of its starting value; otherwise, holders are fully exposed to downside and can lose more than 25%, up to all, of principal. The current estimated value is about $954.30 per $1,000 security, with a minimum estimated value on the pricing date of $920.00, and all payments are subject to the credit risk of Wells Fargo Finance LLC and Wells Fargo & Company.
Wells Fargo Finance LLC, fully guaranteed by Wells Fargo & Company, is offering medium-term, equity index–linked notes tied to the lowest performing of the Russell 2000 Index and EURO STOXX 50 Index, due July 29, 2030. The notes pay a quarterly contingent coupon only if the lowest performing index on each calculation day is at least 70% of its starting value, at a rate set on the pricing date of at least 9.34% per annum. From April 2027 through April 2030, the notes are automatically called if the lowest performing index is at or above its starting value, returning face amount plus the applicable coupon.
If not called, investors receive $1,000 per note at maturity only if the lowest performing index on the final calculation day is at or above 70% of its starting value; otherwise, repayment is $1,000 multiplied by that index’s performance factor, exposing investors to losses greater than 30% and potentially to a total loss of principal. The notes do not participate in any index upside, pay no dividends, are unsecured and subject to the credit risk of Wells Fargo Finance LLC and Wells Fargo & Company, and are not listed on any exchange. The preliminary estimated value is approximately $960.10 per $1,000 note, and will not be less than $930.00 on the pricing date.
Wells Fargo & Company is offering senior unsecured Medium-Term Notes, Series AA with a principal amount of $1,000 per note and a fixed interest rate of 5.50% per annum. Interest is paid semi-annually on the last calendar day of January and July, starting January 31, 2027, until the stated maturity date of July 31, 2038, unless the notes are redeemed earlier.
The notes are callable by Wells Fargo, in whole but not in part, at 100% of principal plus accrued interest on the last calendar day of each July from July 31, 2028 through July 31, 2037, subject to any required regulatory approval. The original offering price is generally $1,000 per note, with eligible institutional and fee-based advisory accounts paying between $980.00 and $1,000 per note. An agent discount of up to $20.00 per note results in proceeds to Wells Fargo of $980.00 per note. The notes are unsecured obligations subject to Wells Fargo’s credit risk, will not be listed on any securities exchange, and may have limited or no secondary market liquidity.
Wells Fargo Finance LLC is issuing $27,978,700 of Trigger Autocallable Contingent Yield Notes, Series B, fully and unconditionally guaranteed by Wells Fargo & Company. The Notes are linked to the least performing of the Dow Jones Industrial Average and the Russell 2000 Index and are principal-at-risk securities maturing on July 19, 2029, unless automatically called earlier.
The Notes pay a quarterly Contingent Coupon at 10.25% per annum only if each index closes on or above its Coupon Barrier (70% of its initial level). They are automatically called if, on any quarterly Call Observation Date starting about six months after issuance, both indexes are at or above their initial levels, returning principal plus that quarter’s coupon. If not called, principal is repaid at maturity only if each index is at or above its 70% Downside Threshold; otherwise repayment is reduced in line with the negative return of the least performing index, up to a complete loss. The Notes are unsecured, not listed, and their estimated value on the trade date is $9.89 per $10 note, reflecting structuring and hedging costs.
Wells Fargo Finance LLC, fully guaranteed by Wells Fargo & Company, is issuing $28,211,030 of Trigger Autocallable Contingent Yield Notes linked to the least performing of the Dow Jones Industrial Average and the Russell 2000 Index, maturing July 19, 2029.
The Notes pay an 8.00% per annum contingent coupon (quarterly $0.20 per $10 note) only if on each observation date both indices are at or above 70% of their initial levels (the Coupon Barriers and Downside Thresholds). Starting about six months after issuance, if on a call observation date both indices are at or above their initial values, the Notes are automatically called and repay principal plus the applicable coupon.
If not called, and on the final valuation date either index closes below its Downside Threshold, repayment is reduced one-for-one with the negative return of the worst index, with full downside exposure to the least performing underlier and potential loss of all principal. The Notes are unsecured, not listed, have an estimated value of $9.71 per $10 note, and all payments are subject to the credit risk of Wells Fargo Finance LLC and Wells Fargo & Company.
Wells Fargo & Company is offering senior unsecured Medium-Term Notes, Series AA with a principal amount of $1,000 per note, bearing a fixed interest rate of 6.00% per annum. Interest is paid annually each January 31, starting January 31, 2027, until the stated maturity on July 31, 2046, unless the notes are redeemed earlier.
Wells Fargo may, at its option, redeem the notes in whole on July 31 of each year from 2027 through 2045 at 100% of principal plus accrued interest. The original offering price is $1,000 per note, with proceeds to Wells Fargo of $970 per note and an agent discount of up to $30 per note. Eligible institutional and fee-based advisory accounts may pay between $970.00 and $1,000 per note. The notes are senior unsecured obligations subject to Wells Fargo’s credit risk, will not be listed on any exchange, and may have limited or no secondary market liquidity. The risk discussion highlights interest-rate risk over the long term, issuer call risk, structural subordination in certain resolutions, pricing impacts from hedging and fees, and potential original issue discount tax treatment.
Wells Fargo & Company is offering senior unsecured Medium-Term Notes, Series AA with a per-note principal amount of $1,000, paying fixed interest of 5.65% per annum. Interest is paid semi-annually on the last calendar day of January and July, starting January 31, 2027.
The notes are scheduled to mature on July 31, 2041, when investors will receive $1,000 per note plus any accrued and unpaid interest, unless the notes are redeemed earlier. Wells Fargo may, at its option and subject to any required regulatory approval, redeem the notes in whole (but not in part) at 100% of principal plus accrued interest on the last calendar day of July each year from July 31, 2028 through July 31, 2040.
The notes are senior unsecured obligations of Wells Fargo and are subject to its credit risk. They will not be listed on any securities exchange, and a trading market is not expected to develop. The original offering price is generally $1,000 per note, with eligible institutional and fee-based advisory investors paying between $975 and $1,000 per note, reflecting an agent discount of up to $25 per note and related selling concessions and hedging profits.
Wells Fargo & Company is offering senior unsecured fixed-rate Medium-Term Notes, Series AA, with a principal amount of $1,000 per note, paying 4.85% per annum in monthly interest. The expected issue date is July 31, 2026, with a stated maturity of July 31, 2030.
The notes are callable at 100% of principal plus accrued interest, in whole but not in part, on the last calendar day of each month from January 31, 2027 through June 30, 2030, subject to any required regulatory approval. They are not redeemable at the option of holders and will not be listed on any securities exchange, so secondary market liquidity may be limited.
The original offering price is $1,000 per note, with eligible institutional and fee-based advisory investors paying between $990.00 and $1,000.00 per note. Wells Fargo Securities, LLC acts as agent and receives an agent discount of up to $10.00 per note, from which selling concessions may be paid and hedging profits may be earned. All payments are subject to Wells Fargo’s credit risk, the notes are unsecured and not insured by any governmental agency, and their market value may be reduced by agent discounts, offering expenses, hedging costs, interest rate changes and Wells Fargo’s actual or perceived creditworthiness. For U.S. tax purposes the notes are expected to be issued at par and treated as debt without original issue discount, though OID could arise if the issue price is sufficiently below principal.
Wells Fargo & Company is offering senior unsecured Medium-Term Notes, Series AA, with a principal amount of $1,000 per note and a fixed interest rate of 5.00% per annum. Interest is paid semi-annually on the last calendar day of January and July, starting January 31, 2027, and at stated maturity or earlier redemption.
The notes mature on July 31, 2031, unless Wells Fargo redeems them earlier, in whole but not in part, at 100% of principal plus accrued interest on optional redemption dates, which fall semi-annually from July 31, 2027 through January 31, 2031. The notes are not subject to holder repayment, are unsecured and subject to Wells Fargo’s credit risk, and will not be listed on any securities exchange, so a secondary market may be limited. The original offering price is generally $1,000 per note, with eligible institutional and fee-based advisory accounts paying between $985 and $1,000 per note; the agent receives a discount of up to $15.00 per note, and proceeds to Wells Fargo are $985.00 per note at the maximum discount.