Wells Fargo & Company's subsidiary Wells Fargo Finance LLC has set preliminary terms for $1,000-face-amount, auto-callable notes linked to the lowest-performing of the iShares MSCI EAFE ETF, Russell 2000 Index and S&P 500 Index; Wells Fargo & Company fully and unconditionally guarantees the notes. The contingent coupon rate will be set on the pricing date and be at least 10.00% per annum, paid quarterly only when the lowest-performing underlier closes at or above 70% of its starting value.
On quarterly calculation days scheduled from April 2027 through July 2031, inclusive, a lowest-performing underlier at or above its starting value triggers automatic redemption for face amount plus a final contingent coupon. If not called, maturity is October 10, 2031. If the weakest underlier finishes below 70% of its starting value, principal repayment tracks its performance factor, and losses can exceed 30% or reach all principal. Holders receive no underlier appreciation or dividends. The estimated value is approximately $974.30 per security; the pricing-date estimate will be no less than $944.30 per security. The notes are not exchange-listed, and payments carry issuer and guarantor credit risk.
WELLS FARGO & COMPANY/MN (symbol: WFC) is the issuer of record for a Form 424B2 filing submitted to the SEC.
Wells Fargo & Company (WFC) fully and unconditionally guarantees Wells Fargo Finance LLC notes with a total original offering price of $4,265,000.00. The $1,000.00-denomination securities are linked to the lowest-performing of the Nasdaq-100, Russell 2000 and S&P 500 indexes. They offer monthly contingent coupons at 10.75% per annum only when the weakest index closes at or above 70% of its starting value; otherwise, no coupon is paid for that month.
Wells Fargo Finance LLC may redeem the notes in whole on monthly dates beginning approximately six months after the October 2, 2026 issue date. If not redeemed, at the October 2, 2031 maturity holders receive the $1,000.00 face amount per security only if the weakest index ends at or above 60% of its starting value. Below that threshold, principal falls with the index and losses can exceed 40%, potentially reaching all principal. Wells Fargo Finance LLC receives $4,239,410.00 in proceeds. The estimated value was $978.65 per security versus the $1,000.00 offering price; the notes are unlisted, and a secondary market is not assured.
Wells Fargo & Company (WFC) guarantees market-linked notes offered by Wells Fargo Finance LLC at an aggregate original offering price of $1,735,000. Wells Fargo Finance LLC receives $1,708,975 after a $26,025 agent discount. Each security has a $1,000 face amount and is linked to the State Street SPDR S&P Homebuilders ETF (XHB). XHB’s starting value is $96.97; the coupon and downside thresholds are both 70% of that value, or $67.879.
The notes offer a 9.50% annual contingent coupon, payable quarterly only when XHB closes at or above $67.879. A close at or above $96.97 on a quarterly calculation day from March 2027 through June 2029 triggers an automatic call for the face amount plus any final contingent coupon. If not called, the maturity payment is $1,000 only if XHB’s final value is at least $67.879; below that, principal declines with XHB from its starting value and could be lost entirely. Holders receive no XHB upside or dividends. The estimated value is $961.73 per security versus the $1,000 offering price, and the notes are unlisted.
Wells Fargo Finance LLC is offering preliminary terms for callable market-linked notes with a $1,000 face amount per security; Wells Fargo & Company (WFC) fully and unconditionally guarantees them. The notes are linked to the lowest-performing of the Nasdaq-100, Russell 2000 and S&P 500 indexes. A monthly coupon is payable only when the lowest-performing index closes at or above 65% of its starting value; the coupon rate, to be set on the pricing date, is at least 10.40% per annum. Wells Fargo Finance LLC may redeem all, but not part, on coupon dates beginning approximately six months after issuance.
If not redeemed, the notes repay $1,000 at maturity only if the lowest performer is at or above its 65% downside threshold on the final calculation day. Below that threshold, repayment equals $1,000 multiplied by the index's performance factor, leaving investors exposed to declines from its starting value and possible loss of all principal; index gains and dividends are excluded. The preliminary estimated value is approximately $980.70 per security, with a pricing-date floor of $950.70. The $1,000 offering price includes a $5.00 agent discount, leaving $995.00 in proceeds to Wells Fargo Finance LLC per security. The notes are unlisted, and no secondary market is assured.
Wells Fargo & Company (WFC) guarantees preliminary market-linked notes offered by its subsidiary Wells Fargo Finance LLC, with a $1,000 face amount per security. The notes are linked to the lowest-performing of the Nasdaq-100, Russell 2000 and S&P 500 indexes. They may pay semiannual coupons at a rate set on the pricing date of at least 8.75% per annum, but only when the lowest-performing index closes at or above 70% of its starting value on the calculation day. The original offering price is $1,000 per security; proceeds to Wells Fargo Finance LLC are $970 per security, and the agent discount will not be more than $30 per security.
Wells Fargo Finance LLC may redeem the notes on scheduled coupon payment dates beginning approximately two years after issuance. If the notes remain outstanding at maturity, holders receive $1,000 per security only if the lowest-performing index is at or above 65% of its starting value on the final calculation day; below that threshold, repayment follows that index’s performance factor, and losses can exceed 35% or reach the full principal. The notes provide no participation in index appreciation or dividends. The current estimated value is approximately $945.91 per security, and the estimated value on the pricing date will not be less than $915.91. Payments are subject to the credit risk of Wells Fargo Finance LLC and its guarantor, WFC.
Wells Fargo Finance LLC is offering market-linked securities with a $1,000 face amount per security, fully and unconditionally guaranteed by Wells Fargo & Company (WFC), tied to the lowest-performing of the Nasdaq-100, Russell 2000 and S&P 500 indexes. The $1,000 offering price yields $997.25 per security to Wells Fargo Finance LLC after a $2.75 agent discount. The preliminary estimated value is approximately $981 per security; the pricing-date estimate will be at least $951 per security.
The coupon rate will be set on the pricing date at at least 12.40% per annum, payable quarterly only if the lowest-performing index stays at or above 70% of its starting value on every eligible trading day in each observation period. Wells Fargo Finance LLC may redeem the securities quarterly beginning approximately six months after issuance. If not redeemed, they are scheduled to mature October 10, 2030, subject to postponement. Principal is $1,000 if the final lowest-performing index is at least 60% of its starting value; below that threshold, payment equals $1,000 multiplied by its final performance factor, exposing holders to losses exceeding 40% and potentially all principal. Holders receive no index appreciation or dividends; payments are subject to issuer and guarantor credit risk, and the securities are unlisted.
Wells Fargo & Company (WFC) fully and unconditionally guarantees a preliminary offering by its finance subsidiary, Wells Fargo Finance LLC, of Nasdaq-100-linked notes at an original offering price and face amount of $1,000 per security, scheduled to mature November 1, 2030. The notes may be automatically called if the index closes at or above its starting value on a call date; call dates may be postponed. Minimum premiums are at least 9.70% on November 3, 2027, 19.40% on November 3, 2028, 29.10% on November 5, 2029, and 38.80% on October 29, 2030; actual premiums are set on the pricing date.
If not called and the index ends at or above 90% of its starting value, the maturity payment is the $1,000 face amount. Below 90%, losses track declines beyond the 10% buffer and may reach 90% of face amount. The notes pay no interest or dividends, cap returns at the call premium, are unlisted, and carry credit risk.
The current estimated value is approximately $963.00 per security, and the estimated value on the pricing date will be at least $933.00 per security. The offering table lists a $20.75 agent discount and $979.25 in proceeds to Wells Fargo Finance LLC per security. The index methodology changed effective May 1, 2026; Wells Fargo says it cannot predict the effect on index performance.
Wells Fargo & Company (WFC) guarantees Wells Fargo Finance LLC’s preliminary offering of auto-callable notes with a $1,000 face amount per security, linked to the lowest-performing of the State Street Energy, Technology and Health Care Select Sector SPDR ETFs. A contingent coupon of at least 12.80% per annum is payable quarterly only when the weakest ETF closes at or above 75% of its starting value. The notes will be automatically called if that ETF closes at or above its starting value on a quarterly calculation day from April 2027 through July 2029, inclusive.
If not called, maturity is scheduled for November 2, 2029. The $1,000 face amount is payable at maturity if the weakest ETF is at or above 70% of its starting value; below that threshold, repayment tracks its performance factor and can be zero. The current estimated value is approximately $954.60 per security, with a pricing-date estimate no lower than $924.60. Wells Fargo Finance LLC receives $981.75 per security after an $18.25 agent discount. The notes are not exchange-listed.
Wells Fargo & Company (WFC) fully and unconditionally guarantees Wells Fargo Finance LLC’s preliminary offering of market-linked notes tied to the lowest-performing of the Nasdaq-100, Russell 2000 and EURO STOXX 50 indexes. Each security has a $1,000 face amount and original offering price; Wells Fargo Finance LLC receives $981.75 per security after the $18.25 agent discount.
The notes may pay quarterly contingent coupons at a rate set on the pricing date of at least 10.50% per annum, only when the lowest-performing Underlier closes at or above 75% of its starting value. If it reaches its starting value on a quarterly calculation day from April 2027 through July 2030, inclusive, the notes are automatically called for face amount plus a final contingent coupon. If not called, at November 4, 2030 maturity the $1,000 face amount is paid only if the lowest-performing Underlier is at or above its 75% downside threshold; below it, principal follows that Underlier’s decline and could be lost entirely. Returns do not reflect index appreciation or dividends.
The current estimated value is approximately $957.90 per security; its pricing-date estimate will be no less than $927.90. The notes are not exchange-listed, and Wells Fargo Securities, LLC and its affiliates are not obligated to make a secondary market. Payments are also subject to the credit risk of Wells Fargo Finance LLC and its guarantor.