Wells Fargo Finance LLC priced $58,000,000 of fixed-rate callable notes, fully and unconditionally guaranteed by Wells Fargo & Company (WFC). The notes pay interest at 5.02% per annum and are due December 2, 2027. Each note has $1,000 principal and an original offering price of $1,000; unless redeemed early, the maturity payment is $1,000 plus accrued and unpaid interest.
Wells Fargo Finance LLC may redeem all, but not part, of the notes monthly from April 2, 2027, through November 2, 2027, for 100% of principal plus accrued and unpaid interest, with notice 5 to 30 days beforehand. Holders cannot require early repayment. The notes are unsecured and will not be exchange-listed; no secondary market is assured. The finance subsidiary has no independent operations and will have no independent assets available for distributions to holders in bankruptcy, resolution or similar proceedings. U.S. holders generally recognize original issue discount as income before receiving the related cash.
Wells Fargo & Company (WFC) fully and unconditionally guarantees Wells Fargo Finance LLC’s issuance of 4,667,411 Accelerated Return Notes linked to the Russell 2000 Index, each with a $10 principal amount. The notes mature November 26, 2027, and all payments are due at maturity and subject to the issuer’s and guarantor’s credit risk. The public offering price is listed as $10 per unit and $46,651,610.00 total; proceeds before expenses to Wells Fargo Finance LLC are $45,857,313.08.
If the Index rises from its Starting Value, the notes provide 300% participation, with gains capped at 18.92%. If the Index declines, the notes have one-to-one downside exposure, with up to 100% of principal at risk. The Ending Value is the average of five scheduled closing levels during the Maturity Valuation Period. The notes pay no periodic interest or dividends and are not exchange-listed; secondary-market liquidity may be limited. The initial estimated value was $9.72 per unit, below the $10 public offering price. Per-unit charges include a $0.175 underwriting discount and a $0.05 hedging-related charge.
Wells Fargo Finance LLC's preliminary offering of callable notes is fully and unconditionally guaranteed by Wells Fargo & Company (WFC). The notes have an original offering price of $1,000 per security and are linked to the lowest-performing of the Nasdaq-100, Russell 2000 and S&P 500. Monthly contingent coupons will be at least 10.75% per annum if the lowest-performing index closes at or above 70% of its starting value. Wells Fargo Finance LLC may redeem all, but not part, of the notes on monthly payment dates beginning approximately six months after issuance.
If the notes are not redeemed, investors receive $1,000 per security at maturity only if the lowest-performing index is at or above 60% of its starting value on the final calculation day. Below that threshold, repayment reflects the index's full decline from its starting value, and the loss can exceed 40% or reach all principal. The notes provide no participation in index appreciation or dividends and are not listed on an exchange. Wells Fargo Finance LLC receives $994 per security after the $6 agent discount. The current estimated value is approximately $983.20 per security, with a pricing-date estimate of at least $953.20.
Wells Fargo & Company (WFC) fully and unconditionally guarantees Wells Fargo Finance LLC’s offering of 1,964,150 units of accelerated return notes at $10 per unit, for a $19,641,500.00 public offering. Before expenses, Wells Fargo Finance LLC receives $19,297,773.75. The notes mature November 26, 2027, and all payments are due at maturity.
The return is linked to the State Street Energy Select Sector SPDR ETF (XLE): its starting value is $62.60, and the ending value is based on closing prices over five scheduled calculation days in November 2027. Increases receive 300% participation, capped at $12.835 per unit, a 28.35% return; decreases pass through one-for-one and can eliminate all principal. The notes pay no interest or ETF dividends. Their initial estimated value was $9.69 per unit, below the $10 offering price. They are unsecured, subject to issuer and guarantor credit risk, not exchange-listed, and may have limited secondary-market liquidity.
Wells Fargo & Company (WFC), as guarantor, backs $3,699,000 of equity-index-linked notes issued by Wells Fargo Finance LLC; the issuer receives $3,699,000 in proceeds. The original offering price is $1,000 per security, and the notes are linked to the S&P 500 Index through July 19, 2028, subject to postponement.
The initial index level was 7,704.13 on September 24, 2026; the determination date is July 17, 2028, subject to postponement. For each $1,000 security, a positive index return earns 140% participation, capped at a $1,254.52 maturity payment. A decline of up to 12.50% from the initial level preserves the $1,000 face amount; below 87.50% of the initial level, each further 1% decline reduces face amount by approximately 1.1429%, and investors could lose some or all principal. The notes pay no interest or index dividends. Their trade-date estimated value was $993.93 per security versus the $1,000 offering price. They are unsecured obligations subject to issuer and guarantor credit risk, are not exchange-listed, and Wells Fargo Securities, LLC is not required to make a market.
Wells Fargo & Company (WFC) fully and unconditionally guarantees 10,011,205 Accelerated Return Notes units issued by Wells Fargo Finance LLC, at a public offering price of $10.000 per unit and $100,112,050.00 in total. The issuer receives $98,360,089.13 before expenses. The initial estimated value as of September 24, 2026, the pricing date, was $9.71 per unit, below the offering price.
The notes mature November 26, 2027, and pay only at maturity. If the S&P 500 Index ending value exceeds its 7,704.13 starting value, the notes provide 300% upside participation, capped at $11.365 per unit, a 13.65% return; if the ending value is lower, the loss tracks the decline one-for-one, with up to 100% of principal at risk. The scheduled Ending Value dates are November 16, 17, 18, 19 and 22, 2027, subject to postponement for Market Disruption Events. The notes pay no periodic interest or dividends, and payments carry issuer and guarantor credit risk. They are not exchange-listed, and a trading market is not expected to develop. Fees include a $0.175-per-unit underwriting discount and a $0.05-per-unit hedging-related charge.
Wells Fargo & Company (WFC) fully and unconditionally guarantees 47,174 Accelerated Return Notes issued by Wells Fargo Finance LLC, each with a $10 principal amount and an aggregate public offering price of $471,740.00. Wells Fargo Finance LLC receives $463,484.55 before expenses; the underwriting discount is $0.175 per unit, plus a hedging-related charge of $0.05 per unit. The notes mature November 26, 2027, and pay no periodic interest or dividends.
At maturity, payment depends on the State Street SPDR EURO STOXX 50 ETF. If its Ending Value equals the $68.21 Starting Value, principal is returned; above that level, the notes provide 300% participation in the gain, capped at a 17.52% return, or $11.752 per unit. Below the Starting Value, principal declines one-for-one with the ETF’s decrease and can be lost entirely. The initial estimated value was $9.61 per unit, below the $10 public offering price. Payments are subject to issuer and guarantor credit risk; the notes are unsecured, unlisted, and a trading market is not expected to develop.
Wells Fargo & Company (WFC) fully and unconditionally guarantees $5,421,000 of digital securities issued by Wells Fargo Finance LLC, offered at $1,000 per security; Wells Fargo Finance LLC receives $5,421,000 in proceeds. The notes track the S&P 500 Index and mature June 28, 2028, subject to postponement. The determination date is June 26, 2028, also subject to postponement.
At maturity, each $1,000 security pays $1,163.20 if the final index level is at least 87.50% of its initial level, capping the return at 16.32%. If the index falls more than 12.50% from its initial level, the payment declines by approximately 1.1429% of face amount for each 1% the index level is below 87.50% of its initial level; payment could be zero. No interest is paid, and holders receive no dividends or ownership rights in index constituents.
The initial index level was 7,704.13 on September 24, 2026. The stated estimated value was $995.41 per security on the trade date, compared with the $1,000 offering price. The notes are unsecured obligations subject to issuer and guarantor credit risk, are not exchange-listed, and no secondary market is assured. Wells Fargo Securities, LLC calculated the estimated value using proprietary models; it is not an indication of a resale price.
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.