Wells Fargo & Company (WFC) fully and unconditionally guarantees Wells Fargo Finance LLC’s preliminary offering of Series B notes linked to the S&P 500. Each security has a $1,000 face amount and pays no interest. Its maturity payment depends on index performance over a period expected to span 28 to 31 months after the trade date. If the index rises, the return is 140% of the index return, subject to a maximum settlement amount expected to be $1,296.10 to $1,348.32 per security; the cap level is expected to be 121.15% to 124.88% of the initial index level. If the index declines by no more than 15%, the payment is $1,000. Below that buffer, the payment declines by approximately 1.1765% of face amount for each 1% index decline beyond the buffer and could be zero.
The current estimated value is approximately $995.80 per security; the estimated value on the trade date will be no less than $965.80, compared with the $1,000 original offering price. The notes are unsecured obligations of Wells Fargo Finance LLC, guaranteed by WFC, and payments are subject to both companies’ credit risk. They will not be listed on an exchange, and Wells Fargo Securities, LLC and its affiliates are not required to make a secondary market.
Wells Fargo & Company (WFC) fully and unconditionally guarantees Wells Fargo Finance LLC’s preliminary offering of auto-callable notes linked to Netflix, Inc. common stock. Each note has a $1,000 face amount and an original offering price of $1,000, or $976.50 for investors in fee-based advisory accounts. A quarterly coupon is payable only when Netflix’s closing value is at least 60% of its starting value; the annual coupon rate will be set on the pricing date and will be at least 10.30%.
The notes will be automatically called if Netflix’s closing value reaches the starting value on a quarterly calculation day from April 2027 through July 2029. If not called, maturity is October 25, 2029: repayment is $1,000 if the final value is at least 60% of the starting value; below that threshold, repayment equals $1,000 multiplied by the performance factor and may be zero. Holders do not participate in stock appreciation or receive dividends. The current estimated value is approximately $960.40 per security, and the pricing-date estimated value will be no less than $930.40. The notes are unlisted, and payments are subject to the issuer’s and guarantor’s credit risk.
Wells Fargo & Company (WFC) fully and unconditionally guarantees Wells Fargo Finance LLC’s preliminary equity-index-linked digital securities tied to the S&P 500. Each security has a $1,000 face amount and offering price; Wells Fargo Finance LLC receives $1,000 per security, with no agent discount.
At maturity, if the final index level is at least 85.00% of its initial level, each security is expected to pay $1,177.00 to $1,208.20, a contingent fixed return of 17.70% to 20.82% to be set on the trade date. Below the 85.00% threshold, investors lose approximately 1.1765% of face amount for every 1% further decline below that level and could lose all principal. The securities pay no periodic interest, and positive returns are capped at the threshold settlement amount.
The determination date is expected 27 to 30 months after the trade date, and maturity is expected on the second scheduled business day afterward. The estimated value is approximately $995.10 per security, with a trade-date estimated value no less than $965.10. The securities are unsecured obligations of Wells Fargo Finance LLC, guaranteed by Wells Fargo & Company; they will not be listed, and no secondary market is assured.
Wells Fargo & Company (WFC) fully and unconditionally guarantees S&P 500-linked notes issued by Wells Fargo Finance LLC, with a stated maturity date of October 29, 2027, subject to postponement. Each security has a $1,000 face amount and original offering price; Wells Fargo Finance LLC receives $999 per security after the $1.00 agent discount. The contingent fixed return will be determined on the pricing date and is at least 11.25% of face amount ($112.50 per security); it is payable only if the index ends at or above its starting value, and positive returns are capped at that amount. If the index ends below its start but at or above 90% of it, payment is $1,000; below that threshold, principal declines one-for-one for index losses beyond the 10% buffer, with potential loss up to 90% of face amount.
Pricing and issue dates are expected to be October 22 and October 26, 2026; the calculation day is October 27, 2027, subject to postponement. Current estimated value is approximately $994.50 per security, with a pricing-date estimated-value floor of $964.50. The notes pay no periodic interest or dividends and are not exchange-listed. The agent is not obligated to make a secondary market, and payments are subject to the credit risk of the issuer and guarantor.
Wells Fargo Finance LLC priced $1,070,000 of auto-callable market-linked securities, fully and unconditionally guaranteed by Wells Fargo & Company (WFC). Each security has a $1,000 face amount and original offering price; total proceeds to the issuer are $1,036,830 after the $33,170 agent discount to Wells Fargo Securities, LLC. The estimated value on the pricing date was $952.83 per security, below the original offering price.
The securities pay a 7.75% annual contingent coupon quarterly only when the lowest-performing of the Dow Jones Industrial Average, Russell 2000 Index and S&P 500 Index closes at or above 70% of its starting value. If that index closes at or above its starting value on a quarterly calculation day scheduled from October 2027 through July 2030, the securities are automatically called for the face amount plus a final contingent coupon. If not called, at maturity on October 24, 2030, the face amount is repaid only if the lowest-performing index is at least 70% of its starting value. Below that threshold, repayment is $1,000 multiplied by the index’s ending performance factor, exposing holders to losses exceeding 30% and potentially all of their principal. The securities are not listed on an exchange, and dealers are not required to make a market.
Wells Fargo Finance LLC is issuing a $1,205,000 total offering of market-linked notes, fully and unconditionally guaranteed by Wells Fargo & Company (WFC). The offering table lists $1,205,000 of proceeds to Wells Fargo Finance LLC. Each security has a $1,000 face amount and is linked to whichever of the Russell 2000 Index and S&P 500 Index performs worse.
The notes offer a contingent coupon of 8.10% per annum, paid quarterly only when the weaker index closes at or above 55% of its starting value; the stated payment is $20.25 per security when earned. Wells Fargo Finance LLC may redeem the notes on coupon payment dates beginning approximately six months after issuance. If not redeemed, the $1,000 face amount is repaid at the scheduled maturity of October 23, 2031, subject to postponement, only if the weaker index is at or above 55% on the final calculation day. Below that level, the maturity payment follows the index’s performance factor and can fall to zero. Holders do not participate in index appreciation or receive index dividends.
The estimated value is $975.12 per security, compared with the $1,000 offering price. The notes are not exchange-listed, and there is no assurance a secondary market will develop. Payments are subject to the issuer’s and guarantor’s credit risk.
Wells Fargo & Company (WFC) guarantees Wells Fargo Finance LLC’s preliminary offering of S&P 500-linked notes with a $1,000 face amount per security. The notes offer 140% upside participation, subject to an expected maximum settlement amount of $1,154.00 to $1,181.02 per $1,000 security. If the index ends down no more than 10%, holders receive the face amount; declines beyond that buffer cause losses at approximately 1.1111% of face amount for each additional 1% index decline, and the investment can lose all principal.
The notes pay no periodic interest or index dividends. The current estimated value is approximately $995.70 per security; the estimated value on the trade date will be at least $965.70, compared with a $1,000 offering price. The notes are unsecured obligations guaranteed by WFC, are not exchange-listed, and Wells Fargo Securities, LLC and its affiliates are not obligated to make a market, so a secondary market is not assured. The determination date is expected 14 to 16 months after the trade date, with maturity expected two scheduled business days later, subject to postponement.
Wells Fargo Finance LLC is offering market-linked notes with a total original offering price of $864,000; Wells Fargo & Company (WFC) fully and unconditionally guarantees the notes. Each security has a $1,000 face amount and original offering price. Wells Fargo Finance LLC receives $994 per security, after a $6 agent discount; total proceeds to the issuer are $858,816. The estimated value is $977.55 per security.
The notes pay a contingent monthly coupon at a 9.75% annual rate only when the lowest-performing of the Dow Jones Industrial Average, Russell 2000 Index and S&P 500 is at or above 70% of its starting value on a calculation day. Wells Fargo Finance LLC may redeem them beginning approximately six months after issuance. If not redeemed, at maturity on October 23, 2031, the $1,000 face amount is repaid only if the lowest-performing index is at or above 60% of its starting value; below that threshold, investors have full downside exposure and may lose all principal. The notes do not participate in index appreciation, are unlisted, and may have no secondary market.
Wells Fargo & Company fully and unconditionally guarantees the $10-per-Note securities offered by Wells Fargo Finance LLC, linked to the least-performing of the Nasdaq-100, Russell 2000 and S&P 500 indexes. The contingent coupon rate, to be set on the Trade Date, is at least 11.70% per annum, equal to at least $0.2925 per Note quarterly, but is payable only if all three indexes are at or above 70% of their initial values on every eligible trading day in the observation period. The issuer may redeem all, but not part, of the Notes quarterly beginning approximately six months after settlement; a redemption pays principal plus any coupon due and ends further payments.
If the Notes remain outstanding to maturity on April 24, 2030, principal is repaid if each index is at or above 60% of its initial value on the April 22, 2030 final valuation date. If any index is below that threshold, losses track the decline of the least-performing index, potentially resulting in loss of all principal. The stated per-Note distribution is a $10 offering price, a $0.10 agent discount and $9.90 proceeds to Wells Fargo Finance LLC. The current estimated value is approximately $9.87 per Note; the estimated value on the Trade Date will be at least $9.57. The Notes are not exchange-listed, and payments are subject to issuer and guarantor credit risk.
Wells Fargo & Company (WFC) fully and unconditionally guarantees auto-callable notes issued by Wells Fargo Finance LLC, linked to Palantir Technologies Inc. Class A common stock, at an offering price of $1,000 per security. The contingent coupon rate will be set on the pricing date at no less than 18.25% per annum, payable quarterly only when PLTR closes at or above 50% of its starting value on that quarter’s calculation day; otherwise, no coupon is paid for that quarter.
From April 2027 through July 2029, a quarterly close at or above the starting value triggers an automatic call for $1,000 plus any final contingent coupon. If not called, the October 26, 2029 maturity payment is $1,000 if PLTR ends at or above 50% of its starting value; below that threshold, payment is $1,000 multiplied by the performance factor, with potential loss of all principal. Holders do not participate in PLTR appreciation or receive its dividends; payments are subject to the credit risk of Wells Fargo Finance LLC and Wells Fargo & Company, and the notes are unlisted. The current estimated value is approximately $978.80 per security, with a pricing-date estimated value of at least $948.80. Wells Fargo Finance LLC receives $991.00 per security after the $9.00 agent discount.