Wells Fargo & Company (WFC) fully and unconditionally guarantees an $851,000 offering of medium-term notes issued by Wells Fargo Finance LLC and linked to the MSCI EAFE Index. Each security has a $1,000 face amount, pays no interest and settles in cash at maturity on May 19, 2028, subject to postponement. The initial index level was 3,165.53 on September 22, 2026.
If the final index level exceeds its initial level, the note applies a 160% upside participation rate, capped at $1,231.68 per security when the index reaches 114.48% of its initial level. A decline of up to 15.00% returns face amount; below the buffer, losses are amplified at approximately 1.1765% of face amount for each 1% decline beyond 15.00%, and the entire face amount could be lost. Wells Fargo Securities estimated value at $1,001.00 per security using proprietary models. The securities are unlisted, and the agent is not obligated to make a secondary market; payments are subject to issuer and guarantor credit risk.
Wells Fargo Finance LLC sets out preliminary terms for its $1,000-per-security market-linked notes, fully and unconditionally guaranteed by Wells Fargo & Company (WFC). Payments depend on the lowest-performing of the Dow Jones Industrial Average, Russell 2000 Index and S&P 500 Index. The contingent coupon rate will be set on the pricing date at no less than 8.50% per annum; coupons are paid quarterly only when the lowest-performing index closes at or above 70% of its starting value.
The notes are automatically called on scheduled quarterly calculation days from October 2027 through July 2031, inclusive, if the lowest-performing index closes at or above its starting value; payment is face amount plus a final contingent coupon. If not called, the notes mature October 21, 2031, subject to postponement. At maturity, the face amount is repaid only if the weakest index is at or above 55% of its starting value; below that level, principal is multiplied by its performance factor, exposing investors to the index’s full decline and possible total loss. The notes do not participate in index gains or pay dividends, are unlisted, and a secondary market is not assured. The current estimated value is approximately $972.50 per security; the pricing-date estimate will be at least $942.50.
Wells Fargo & Company (WFC) guarantees Wells Fargo Finance LLC’s preliminary offering of S&P 500-linked notes at an original offering price of $1,000 per security. The notes pay no periodic interest. The determination date is expected 21 to 24 months after the trade date, and maturity is expected on the second scheduled business day afterward.
If the index rises, the notes provide 140% upside participation, subject to an expected maximum settlement amount of $1,216.16 to $1,254.24 per security. If the index finishes down by no more than 12.50%, the payment is $1,000 per security. Below that decline, losses increase by approximately 1.1429% of face amount for each additional 1% decline below the 87.50% buffer level; investors could lose all principal.
The current estimated value is approximately $995.60 per security; the trade-date estimated value will be no less than $965.60, compared with the $1,000 offering price. The notes are unsecured obligations of Wells Fargo Finance LLC, fully and unconditionally guaranteed by WFC. They will not be exchange-listed, and the agent is not required to make a market.
Wells Fargo Finance LLC sets preliminary terms for callable notes with a $1,000 face amount per security, guaranteed by Wells Fargo & Company (WFC) and linked to the lowest-performing of the Dow Jones Industrial Average, Russell 2000 Index and S&P 500 Index. The contingent coupon rate will be set on the pricing date and will be at least 9.05% per annum; a monthly payment is due only when the lowest-performing index closes at or above 70% of its starting value on that month’s calculation day.
If not redeemed, the notes pay the $1,000 face amount at the scheduled maturity date of October 10, 2031, subject to postponement, only if the lowest-performing index ends at or above 60% of its starting value. Below that level, the holder bears the index’s full decline from its starting value and may lose more than 40%, potentially all principal. Wells Fargo Finance LLC may redeem the notes monthly beginning approximately one year after issuance. The preliminary estimated value is approximately $974.04 per security, and the pricing-date estimate will be at least $944.04 per security. The notes will not be exchange-listed, and the agent is not required to make a market.
Wells Fargo & Company (WFC) guarantees market-linked securities issued by Wells Fargo Finance LLC, with an original offering price of $1,000 per security and returns tied to the lowest-performing of the Dow Jones Industrial Average, Russell 2000 Index and S&P 500 Index. The contingent coupon rate will be set on the pricing date at at least 6.90% per annum; quarterly coupons are payable only when the lowest-performing index is at least 70% of its starting value. If that index is at or above its starting value on a quarterly calculation day from October 2027 through July 2031, the securities are automatically called for the face amount plus a final coupon.
If no call occurs, maturity repayment is $1,000 per security only if the lowest-performing index is at least 55% of its starting value; below that threshold, repayment reflects its full decline from starting value, and investors may lose more than 45% or all principal. Investors do not share in index gains or receive dividends. Wells Fargo Finance LLC's proceeds are $980 per security after a $20 agent discount. The preliminary estimated value is approximately $951.80 per security, with a pricing-date estimated value of at least $921.80. The securities are unlisted, and payments carry issuer and guarantor credit risk.
Wells Fargo & Company (WFC) guarantees $2,927,000 of equity-index-linked digital securities issued by Wells Fargo Finance LLC, linked to the MSCI EAFE Index and due April 7, 2028. For each $1,000 face amount, the maturity payment is $1,128.30 if the final index level is at least 85.00% of the initial level of 3,165.53, a contingent fixed return of 12.83%; the payment is capped at that amount even if the index rises further.
If the final level is below 85.00% of the initial level, holders receive less than $1,000 and lose approximately 1.1765% of face amount for each 1% decline below the threshold; a total loss is possible. The notes pay no interest or dividends from securities in the index. The trade-date estimated value is $996.86 per security versus the $1,000 original offering price. Wells Fargo Finance LLC is listed as receiving $2,927,000 in offering proceeds, with a $0 agent discount. The determination date is April 5, 2028, and stated maturity is April 7, 2028, both subject to postponement.
Wells Fargo & Company (WFC) is named as guarantor of preliminary equity-index-linked securities issued by Wells Fargo Finance LLC, with a $1,000 face amount per security. Linked to the S&P 500, the determination date is expected 21 to 24 months after the trade date, with maturity expected on the second scheduled business day afterward. The securities pay no periodic interest and do not repay a fixed principal amount.
At maturity, if the final index level is at least 87.50% of its initial level, each security is expected to pay $1,136.70 to $1,160.80, a contingent fixed return of 13.67% to 16.08%. Below that threshold, payment is less than $1,000 and declines by approximately 1.1429% of face amount for each 1% decline below the threshold; it could be zero. The current estimated value is approximately $995.60 per security, and the trade-date estimate will not be less than $965.60. Wells Fargo Securities, LLC is the distribution agent; the table lists $1,000 proceeds to Wells Fargo Finance LLC per security and a $0 agent discount.
Wells Fargo Finance LLC is offering fixed-rate callable notes fully and unconditionally guaranteed by Wells Fargo & Company (WFC). Each note has a $1,000 principal amount and an original offering price of $1,000; for eligible institutional investors and investors in fee-based advisory accounts, the price may range from $999.00 to $1,000 per note. The notes pay interest at 5.02% per annum and mature on December 2, 2027.
Unless redeemed earlier, holders are entitled to $1,000 per note plus accrued and unpaid interest at maturity. Wells Fargo Finance LLC may redeem all, but not part, on monthly dates from April 2, 2027, through November 2, 2027, at 100% of principal plus accrued and unpaid interest, with notice at least 5 days and not more than 30 days beforehand. The notes are senior unsecured obligations, payments are subject to credit risk, and the notes will not be exchange-listed; the issuer does not expect a trading market to develop. For U.S. federal income tax purposes, the notes will be treated as debt instruments issued with original issue discount, which U.S. holders generally recognize over the term before receiving the related cash payment.
Wells Fargo & Company (WFC) fully and unconditionally guarantees callable market-linked notes issued by Wells Fargo Finance LLC, with a total original offering price of $439,000. The notes are linked to the lower-performing of the MSCI Emerging Markets Index and the State Street Health Care Select Sector SPDR ETF.
The notes offer a contingent coupon of 11.00% per annum, paid monthly only if the lower-performing Underlier closes at or above 70% of its starting value on the calculation day. Wells Fargo Finance LLC may redeem the notes monthly beginning approximately three months after issuance. If not redeemed, they mature on March 25, 2032: holders receive $1,000 per security only if the lowest-performing Underlier is at or above 60% of its starting value; below that threshold, the maturity payment equals $1,000 multiplied by that Underlier’s performance factor and may be zero. Holders do not participate in Underlier appreciation or receive dividends.
Wells Fargo Finance LLC receives $438,122 after a total $878 agent discount. The estimated value was $970.33 per security, compared with the $1,000 original offering price. The notes are not exchange-listed, and affiliates are not obligated to make a secondary market.
WELLS FARGO & COMPANY/MN (symbol: WFC) is the issuer of record for a Form 424B2 filing submitted to the SEC.