WELLS FARGO & COMPANY (WFC), via Wells Fargo Finance LLC, is offering market-linked Medium-Term Notes, Series B that are auto-callable, pay a contingent coupon and put principal at risk, linked to the worst performer of the Dow Jones Industrial Average, Nasdaq-100 Index and EURO STOXX 50 Index, and maturing on September 6, 2030. The notes pay a quarterly contingent coupon at 11.25% per annum only if, on each calculation day, the lowest-performing index is at or above 70% of its starting value, and may be automatically called from March 2027 to June 2030 if that index is at or above its starting value, in which case investors receive face amount plus the final coupon.
If the notes are not called, investors receive full principal at maturity only if the lowest-performing index on the final calculation day is at or above 65% of its starting value; below that level, repayment is reduced one-for-one with index loss, leading to losses greater than 35% and potentially a total loss of the $1,000 face amount per note. The total offering is $4,500,000, with an agent discount of $3 per note and proceeds to the issuer of $997 per note; the initial estimated value is $983.86 per note, reflecting selling, structuring and hedging costs. The notes are unsecured, guaranteed by Wells Fargo & Company, subject to its and the issuer’s credit risk, and are not listed on any exchange, with limited or no secondary market expected.
Wells Fargo & Company (WFC), through Wells Fargo Finance LLC, is offering $475,000 of Series B market-linked Medium-Term Notes that are unsecured, principal-at-risk securities maturing on September 9, 2027 and fully and unconditionally guaranteed by Wells Fargo & Company. The $1,000-per-note payoff is linked to an unequally weighted basket of the S&P 500 Index (40%), iShares MSCI EAFE ETF (30%), Nasdaq-100 Index (20%) and iShares MSCI Emerging Markets ETF (10%). If the basket rises, investors receive 100% upside participation, capped at a maximum return of 11.90% (maximum maturity payment of $1,119 per note). If the basket is flat or down by up to the 15% buffer, investors receive the $1,000 face amount; below that, losses are 1-for-1 beyond the buffer and investors may lose up to 85% of principal. The securities pay no interest, are not listed on any exchange, carry credit risk of Wells Fargo Finance LLC and Wells Fargo & Company, and have an estimated value on the pricing date of $989.23 per note, below the $1,000 offering price due to selling, structuring, hedging and funding costs.
WELLS FARGO & COMPANY (WFC), through Wells Fargo Finance LLC, is issuing medium-term Market Linked Securities that are auto-callable notes due September 7, 2029, fully and unconditionally guaranteed by WFC. Each $1,000 security pays a contingent coupon of 9.55% per annum, payable quarterly only if the lowest performing of the iShares Expanded Tech-Software Sector ETF (IGV) and the S&P 500 Index closes on the relevant calculation day at or above its coupon threshold value, set at 60% of its starting value.
The notes can be automatically called quarterly from March 2027 through June 2029 if the lowest performing underlier is at or above its starting value, in which case holders receive par plus the applicable coupon. If not called, at maturity investors receive par only if the worst underlier’s final level is at or above its downside threshold (also 60% of starting); otherwise the payoff is $1,000 multiplied by that underlier’s performance factor, so investors can lose more than 40% and up to all principal. The current estimated value is $962.81 per $1,000 security, reflecting selling, structuring, hedging and funding costs. The notes are unsecured obligations subject to the credit risk of Wells Fargo Finance LLC and WFC, will not be listed on any exchange, and may have limited or no secondary market liquidity.
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), through Wells Fargo Finance LLC, is offering medium-term, unsecured Market Linked Securities that are auto-callable notes with contingent coupons and downside principal at risk, linked to the lowest performing of the Nasdaq-100 Index®, Russell 2000® Index and S&P 500® Index, under an effective shelf registration.
The notes have a face amount of $1,000 per security, a term to October 3, 2030, and pay a quarterly contingent coupon of at least 9.00% per annum only if the lowest performing index on each calculation day is at or above 70% of its starting value. From March 2027 through June 2030, if the lowest performing index is at or above its starting value on a calculation day, the notes are automatically called at par plus the applicable coupon. If not called and on the final calculation day the lowest performing index is below 70% of its starting value, investors lose more than 30% and up to all principal, based on the index decline.
The current estimated value is approximately $961.60 per $1,000 security (and will not be below $930.00 on the pricing date), reflecting selling, structuring and hedging costs. Notes are subject to the credit risk of Wells Fargo Finance LLC and the Wells Fargo & Company guarantee, will not be listed on any exchange, and may have limited or no secondary market liquidity.
WELLS FARGO & COMPANY (WFC), through Wells Fargo Finance LLC, is offering unsecured Medium-Term Notes, Series B that are ETF-linked, auto-callable securities due October 4, 2029, tied to the lowest performing of three State Street Select Sector SPDR ETFs (Energy, Technology, Health Care). The notes pay a quarterly contingent coupon at a rate to be set on the pricing date, but at least 13.55% per annum, only if on each calculation day the lowest performing ETF is at or above 75% of its starting value; otherwise no coupon is paid for that quarter. From March 2027 to June 2029, if on any calculation day the lowest performing ETF is at or above its starting value, the notes are automatically called at par plus the applicable coupon. If not called, principal is protected at maturity only if the lowest performer is at or above 70% of its starting value; below that level investors lose more than 30%, up to all of principal, with no upside participation in any ETF and no dividends. The original offering price is $1,000 per security, with an agent discount of $18.25 and proceeds of $981.75 to Wells Fargo Finance LLC; the current estimated value is about $954.50 per security and will not be less than $920.00 on the pricing date. The securities are not listed, are intended to be held to call or maturity, are structurally complex and expose investors to ETF performance risk, limited liquidity and the credit risk of both the issuer and Wells Fargo & Company as guarantor.
WELLS FARGO & COMPANY (WFC), through Wells Fargo Finance LLC, is offering medium-term, equity index-linked notes tied to the lowest performing of the Russell 2000 Index, the S&P 500 Index and the EURO STOXX 50 Index, maturing October 3, 2030. The $1,000-denomination securities pay quarterly contingent coupons at a per-annum rate of at least 8.30% only if, on each calculation day, the lowest performing index is at or above 70% of its starting value; otherwise no coupon is paid for that quarter.
From March 2027 through June 2030, if on any quarterly calculation day the lowest performing index is at or above its starting value, the notes are automatically called for $1,000 plus that quarter’s coupon. If not called, principal repayment at maturity is protected only down to 70% of the starting value of the lowest index; a final level below that triggers a proportional loss of principal and investors can lose more than 30%, up to the entire $1,000. The notes do not participate in any index upside and are unsecured obligations of Wells Fargo Finance LLC, fully and unconditionally guaranteed by Wells Fargo & Company. The current estimated value is about $953.50 per note and will not be less than $920.00 on the pricing date, and the securities are not listed and are designed to be held to automatic call or maturity.
WELLS FARGO & COMPANY/MN (symbol: WFC) is the issuer of record for a Form 424B2 filing submitted to the SEC.