Wells Fargo Finance LLC’s preliminary pricing supplement describes $1,000-per-security notes, fully and unconditionally guaranteed by Wells Fargo & Company (WFC), linked to the lowest-performing of the Russell 2000, S&P 500 and EURO STOXX 50 indexes. The contingent coupon rate will be set on the pricing date and will be at least 8.45% per annum; quarterly coupons are paid only when the lowest-performing index closes at or above 70% of its starting value. If that index is at or above its starting value on an eligible quarterly calculation day from April 2027 through July 2030, the notes are automatically called for face amount plus any final coupon.
If no call occurs, the stated maturity date is November 4, 2030, subject to postponement. If the lowest-performing index ends below its 70% downside threshold, holders lose more than 30% and potentially all of the face amount. The notes do not participate in index appreciation or pay dividends, and payments are subject to the credit risk of Wells Fargo Finance LLC and its guarantor.
The current estimated value is approximately $957.60 per security; the pricing-date estimate will be at least $927.60, compared with the $1,000 offering price. The agent discount is $18.25 per security, with $981.75 in proceeds to Wells Fargo Finance LLC per security. The notes are not exchange-listed, and the agent is not required to make a market.
Wells Fargo & Company (WFC) fully and unconditionally guarantees market-linked notes issued by Wells Fargo Finance LLC, tied to the lowest-performing of the Nasdaq-100, Russell 2000 and S&P 500 indexes. Each security has a $1,000 face amount. A quarterly coupon is paid only if the lowest-performing index closes at or above 70% of its starting value; the annual rate will be set on the pricing date and is at least 8.65%. A close at or above the starting value on a quarterly calculation day from April 2027 through July 2030 triggers an automatic call for the face amount plus a final coupon.
If not called, the maturity payment on November 4, 2030 is $1,000 when the lowest-performing index ends at or above 70% of its starting value. Below that level, investors bear the index’s full decline from its starting value and could lose the entire investment. The notes do not participate in index appreciation or dividends. The current estimated value is approximately $960.10 per security, and the pricing-date estimate cannot be below $930.10, compared with a $1,000 offering price. The notes are not exchange-listed.
Wells Fargo & Company (WFC) guarantees notes issued by Wells Fargo Finance LLC, offered at $1,000 per security and linked to the S&P 500 Index. The notes pay no periodic interest and may be automatically called if the index closes at or above its starting value on a call date. Minimum call premiums are 8.00%, 16.00%, 24.00% and 32.00% on November 3, 2027, November 3, 2028, November 5, 2029 and October 29, 2030, respectively; actual premiums will be set on the pricing date.
If not called, maturity repayment is $1,000 when the ending index value is no more than 7.50% below its starting value; a larger decline creates 1-to-1 downside beyond the buffer, with a stated maximum loss of 92.50% of face amount. The current estimated value is approximately $964.60 per security, with a pricing-date estimate of at least $934.60. Wells Fargo Finance LLC receives $979.25 per security after the $20.75 agent discount. All payments are subject to credit risk; the notes are not exchange-listed, and affiliates are not obligated to make a market.
WELLS FARGO & COMPANY/MN (symbol: WFC) is the issuer of record for a Form 424B2 filing submitted to the SEC.
WELLS FARGO & COMPANY/MN (symbol: WFC) is the issuer of record for a Form 424B2 filing submitted to the SEC.
WELLS FARGO & COMPANY/MN (symbol: WFC) is the issuer of record for a Form 424B2 filing submitted to the SEC.
Wells Fargo & Company (WFC) guarantees Wells Fargo Finance LLC’s preliminary offering of auto-callable securities linked to the lowest-performing of Amazon.com, Alphabet Class A and NVIDIA shares. Each security has a $1,000 face amount and original offering price; Wells Fargo Finance LLC receives $981.75 per security after an $18.25 agent discount. The contingent coupon rate, set on the pricing date, will be at least 11.60% per annum. Quarterly coupons are payable only when the lowest-performing stock closes at or above 50% of its starting value; missed coupons can be paid later if the threshold is met, without interest.
On a quarterly calculation day scheduled from April 2027 to July 2029, inclusive, a close at or above the lowest-performing stock’s starting value automatically calls the securities for face amount plus applicable coupons. If not called, the maturity payment is $1,000 when that stock is at least 50% of its starting value; below 50%, payment falls with its performance factor, potentially eliminating all principal. Investors receive no stock dividends or upside participation. The current estimated value is approximately $954.20 per security, and the pricing-date estimated value will be no less than $924.20. The securities are unlisted, and there is no assurance a secondary market will develop.
Wells Fargo Finance LLC is making a preliminary offering of unsecured, $10-per-Note Trigger Callable Contingent Yield Notes linked to the least-performing of the Russell 2000, S&P 500 and EURO STOXX 50; Wells Fargo & Company (WFC) fully and unconditionally guarantees them. The annual contingent coupon is at least 11.55%, set on the Trade Date, and pays quarterly at $0.2888 or more per Note only if all three indices are at or above 70% of their initial levels on every eligible trading day in the period. The minimum investment is $1,000 (100 Notes).
The issuer may redeem all, but not part, of the Notes on quarterly dates beginning approximately six months after settlement. At the scheduled maturity on July 3, 2030, the $10 principal is repaid if each index finishes at or above 60% of its initial level; if any finishes below that threshold, principal loss follows the weakest index’s negative return and may reach the full principal. Coupon payments can be missed, and holders receive no index appreciation or dividends.
The estimated value is approximately $9.77 per Note versus the $10 offering price, with a Trade Date minimum estimated value of $9.47. Wells Fargo Finance LLC receives $9.90 per Note after a $0.10 agent discount. The Notes will not be listed on an exchange, and a secondary market is not assured.
Wells Fargo Finance LLC has outlined preliminary terms for market-linked notes with a $1,000 face amount and original offering price per security, fully and unconditionally guaranteed by Wells Fargo & Company (WFC). Payments depend on the lowest-performing of Amazon.com, Alphabet and Meta Platforms, not a basket of all three stocks.
Quarterly coupons are paid only if the lowest performer closes at or above 70% of its starting value; a later qualifying day can restore unpaid coupons without interest. The rate, set on the pricing date, will be at least 19.20% per annum. A close at or above starting value on a quarterly calculation day from April 2027 through July 2029 triggers automatic call at face amount plus final and unpaid coupons.
If not called, maturity is October 18, 2029: the $1,000 face amount is repaid only if the lowest performer is at or above 70% of its starting value; below that, repayment reflects that stock’s decline from its starting value, with losses exceeding 30% and potentially all principal. Wells Fargo Finance LLC receives $981.75 per security after the $18.25 agent discount. The current estimated value is approximately $953.60 per security, and the pricing-date estimate will be no less than $923.60. The notes are not exchange-listed.
WELLS FARGO & COMPANY/MN (symbol: WFC) is the issuer of record for a Form 424B2 filing submitted to the SEC.