Wells Fargo & Company (WFC) guarantees preliminary market-linked notes issued by Wells Fargo Finance LLC, linked to the lowest-performing of the Nasdaq-100, Russell 2000 and EURO STOXX 50 indexes. Each security has a $1,000 face amount and a $1,000 original offering price; the agent discount is $4 and proceeds to Wells Fargo Finance LLC are $996 per security.
The notes may pay monthly coupons at a rate of at least 11.20% per annum only if the lowest-performing index is at or above 70% of its starting value on the calculation day. The issuer may redeem the notes quarterly from December 2026 through June 2029, paying the face amount plus a final coupon if payable.
If the notes are not redeemed, the stated maturity date is October 3, 2029, subject to postponement. The maturity payment is $1,000 per security only if the lowest-performing index is at or above 70% of its starting value; below that level, principal losses can exceed 30% and may reach all of the face amount. The preliminary estimated value is approximately $973.90 per security, with a pricing-date estimate no lower than $943.90. The notes are unlisted and do not provide participation in index appreciation or dividends.
Wells Fargo & Company fully and unconditionally guarantees Wells Fargo Finance LLC’s preliminary market-linked notes tied to Eaton Corporation plc ordinary shares (ETN), with a $1,000 face amount per security. The original price is $1,000 per security ($976.50 in fee-based advisory accounts); proceeds to the issuer are $976.50 per security. The contingent coupon rate, set on September 28, 2026, will be at least 10.65% per annum. Quarterly coupons are paid only when Eaton’s closing value is at least 60% of its starting value; missed coupons can be paid after a later qualifying quarter, without interest.
A quarterly value at or above the starting value from March 2027 through June 2029 triggers automatic call for face amount plus a final contingent coupon and any unpaid coupons. If not called and held to October 3, 2029, principal is repaid in full only if the final value is at least 60% of its starting value; below that, investors can lose more than 40%, possibly all principal. The notes do not participate in Eaton’s appreciation or dividends; they are unsecured, subject to issuer and guarantor credit risk, and unlisted. The preliminary estimated value is approximately $955.72 per security; the estimated value at pricing will be at least $925.72.
WELLS FARGO & COMPANY/MN (symbol: WFC) is the issuer of record for a Form 424B2 filing submitted to the SEC.
WFC guarantees Wells Fargo Finance LLC’s $2,120,000 offering of callable market-linked notes due September 26, 2030. The notes pay a 10.25% annual contingent coupon monthly only when the lowest-performing of the Russell 2000 Index, S&P 500 Index and State Street Utilities Select Sector SPDR ETF is at or above 70% of its starting value on a calculation day. The original price is $1,000 per security; total proceeds to Wells Fargo Finance LLC are $2,104,100.
Wells Fargo Finance LLC may redeem the notes monthly beginning approximately six months after issuance. If they remain outstanding to maturity, the $1,000 face amount is repaid only if the lowest-performing underlier is at or above 65% of its starting value on the final calculation day; below that threshold, repayment reflects the underlier’s full decline from its starting value, and investors may lose all principal. All payments also depend on the creditworthiness of Wells Fargo Finance LLC and guarantor Wells Fargo & Company. The estimated value is $973.39 per security, below the $1,000 offering price. The notes are unlisted, and the agent is not required to make a secondary market.
Wells Fargo Finance LLC is offering securities with a $2,691,000 total original offering price, fully and unconditionally guaranteed by Wells Fargo & Company (WFC). Each security has a $1,000 face amount and original offering price. Wells Fargo Finance LLC receives $2,637,180 in total proceeds after a $53,820 agent discount. The estimated value is $948.87 per security.
Payments depend on the lowest performer among the Dow Jones Industrial Average, Russell 2000 Index and S&P 500 Index. A quarterly contingent coupon pays at a 7.15% annual rate only if that index closes at or above 65% of its starting value. If it closes at or above its starting value on a quarterly calculation day scheduled from September 2027 through June 2031, inclusive, the securities are automatically called for $1,000 plus a final contingent coupon. If not called, at the September 26, 2031 maturity, subject to postponement, holders receive $1,000 only if the lowest performer is at or above 65% of its starting value. Below that threshold, repayment reflects the index’s performance factor and losses can exceed 35%, possibly reaching all principal. The securities do not participate in index appreciation or pay dividends, are not exchange-listed, and may not have a secondary market.
Wells Fargo & Company (WFC) guarantees Wells Fargo Finance LLC’s preliminary offering of callable market-linked notes with a stated original offering price and face amount of $1,000 per security. Returns are linked to the lowest-performing of the Nasdaq-100, Russell 2000 and S&P 500 indexes. A contingent coupon, at a rate set on the pricing date of at least 10.10% per annum, is paid quarterly only when the lowest-performing index closes at or above 65% of its starting value; otherwise, no coupon is paid for that quarter. Per security, the agent discount is $6.50 and proceeds to Wells Fargo Finance LLC are $993.50.
If the notes are not called, the principal payment at the October 3, 2031 maturity is $1,000 only if the lowest-performing index finishes at or above 60% of its starting value; a final coupon is additional if payable. Below that threshold, repayment equals $1,000 multiplied by the index’s performance factor, exposing holders to its full decline from the starting value and possible loss of all principal. Wells Fargo Finance LLC may redeem the notes quarterly, at its option, beginning approximately six months after the October 5, 2026 issue date. The preliminary estimated value is approximately $981.30 per security, with a pricing-date minimum of $951.30, versus the $1,000 offering price. The notes are unlisted, and payments are subject to issuer and guarantor credit risk.
Wells Fargo & Company (WFC) guarantees Wells Fargo Finance LLC’s preliminary offering of callable notes priced at $1,000 per security, linked to the lowest-performing of the Nasdaq-100, Russell 2000 and S&P 500 indexes. Monthly contingent coupons depend on that index closing at or above 70% of its starting value; the annual coupon rate will be set on the pricing date and is at least 11.10%. Wells Fargo Finance may redeem the notes, at its option, on monthly dates beginning approximately three months after issuance, paying face amount plus a final coupon if payable.
If not called, the notes mature December 30, 2027. Investors receive $1,000 per security only if the lowest-performing index is at or above 70% of its starting value on the final calculation day. Below that level, the maturity payment equals $1,000 multiplied by that index’s performance factor, and investors may lose more than 30% or potentially all of their face amount. The notes provide no participation in index appreciation or dividends and are not exchange-listed. The current estimated value is approximately $980.69 per security; the pricing-date estimated value will be no less than $950.69. Wells Fargo Finance receives $998.50 per security after the $1.50 agent discount.
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 a preliminary offering of market-linked notes by Wells Fargo Finance LLC at $1,000 per security. The notes are linked to whichever of the Dow Jones Industrial Average, Russell 2000 and S&P 500 performs worst. They carry a contingent coupon rate of at least 9.45% per annum, payable quarterly only when the lowest-performing index closes at or above 70% of its starting value.
Wells Fargo Finance LLC may redeem the notes on quarterly coupon dates beginning approximately six months after issuance. If not redeemed, they mature September 30, 2031. Holders receive $1,000 per note at maturity only if the lowest-performing index is at least 60% of its starting value on the final calculation day. Below that threshold, repayment follows the index’s performance factor, exposing holders to losses of more than 40% and potentially all principal. The notes do not provide participation in index appreciation or dividends.
The current estimated value is approximately $975.30 per note, and the estimated value on the pricing date will be at least $945.30, compared with the $1,000 offering price. Wells Fargo Finance LLC’s proceeds are $992.50 per note after the agent discount. The notes are unlisted, and no secondary market is assured.
Wells Fargo & Company (WFC) issued two Medium-Term Notes, Series Y, on September 24, 2026: $2,500,000,000 of Senior Redeemable Fixed-to-Floating Rate Notes due September 24, 2030, and $3,500,000,000 of the same type due September 24, 2037. The company filed the form of each note and an opinion from Faegre Drinker Biddle & Reath LLP regarding the notes, along with the firm’s consent, as exhibits connected to its Form S-3 registration statement.