WELLS FARGO & COMPANY (WFC), through issuer Wells Fargo Finance LLC, is offering medium-term, equity index-linked notes that pay a contingent quarterly coupon and expose investors to the worst performer among the Dow Jones Industrial Average®, Russell 2000® Index and S&P 500® Index. Each security has a $1,000 face amount, an expected pricing date of September 3, 2026 and a stated maturity of September 8, 2031, and is fully and unconditionally guaranteed by WFC.
The contingent coupon rate will be at least 9.25% per annum, paid quarterly only if the lowest performing index on the relevant calculation day is at or above its coupon threshold (70% of its starting value). Principal is protected only if, at final valuation, the lowest index is at or above its downside threshold (60% of its starting value); otherwise, investors are fully exposed to that index’s decline and may lose more than 40%, up to all, of principal. The issuer may redeem the notes at par plus any due coupon on quarterly dates starting roughly six months after issuance, at its sole discretion.
The notes will not be listed and are intended to be held to maturity. All payments are unsecured obligations of Wells Fargo Finance LLC, guaranteed by WFC, and are subject to their credit risk. The current estimated value is about $975.69 per $1,000 security (not less than $945.69), below the $1,000 offering price due to selling, structuring, hedging and funding costs; any secondary market price quoted by affiliates will be based on proprietary models and may be lower than the original price.
WELLS FARGO & COMPANY/MN (symbol: WFC) is the issuer of record for a Form 424B2 filing submitted to the SEC.
Wells Fargo & Company (WFC), via Wells Fargo Finance LLC, is offering 2,219,937 Accelerated Return Notes linked to the State Street SPDR S&P Biotech ETF (XBI), at $10 principal per unit, maturing October 29, 2027. All payments are fully and unconditionally guaranteed by Wells Fargo & Company.
The notes provide 300% leveraged upside to any increase in XBI, capped at a Redemption Amount of $13.13 per unit (31.30% maximum return), and full 1‑for‑1 downside exposure to declines, with up to 100% of principal at risk. There are no interest payments or dividends, and all cash flows occur at maturity.
The initial estimated value is $9.57 per unit, below the $10 public offering price, reflecting underwriting discounts, a $0.05 per unit hedging-related charge, and funding considerations. The notes are unsecured, subject to the issuer’s and guarantor’s credit risk, will not be listed on an exchange, and may have limited or no secondary market. The U.S. federal tax treatment is complex and potentially subject to change.
WELLS FARGO & COMPANY/MN (WFC), through subsidiary Wells Fargo Finance LLC, is offering 1,875,547 Accelerated Return Notes linked to the State Street Energy Select Sector SPDR ETF at $10 principal per unit, for total public offering proceeds of $18.76 million. The notes mature in approximately 14 months, on October 29, 2027, and are fully and unconditionally guaranteed by Wells Fargo & Company.
Investors receive 300% upside exposure to ETF gains, capped at a 29.10% maximum return (Capped Value $12.91 per unit), and have 1-to-1 downside exposure to losses, up to a total loss of principal. The notes pay no interest or dividends, all payments occur at maturity, and repayment depends on the credit of Wells Fargo Finance LLC and Wells Fargo & Company. The initial estimated value is $9.72 per unit, below the $10 offering price, reflecting selling, structuring, hedging costs and a hedging-related charge of $0.05 per unit, plus an underwriting discount of $0.175 per unit. The notes are intended to be held to maturity and are not listed, so secondary market liquidity is expected to be limited.
WELLS FARGO & COMPANY (WFC), as guarantor, supports a primary offering by Wells Fargo Finance LLC of $16,109,000 Medium-Term Notes, Series B, issued as equity index-linked "Buffered Enhanced Return Securities" tied to the S&P 500® Index, maturing December 20, 2028.
The notes have a $1,000 face amount, no coupons, and repay at maturity based on index performance from an initial level of 7,730.99 to the final level on December 18, 2028. Investors receive 140% of any positive index return, capped at a maximum settlement amount of $1,308.56 per $1,000. A 15.00% buffer protects against moderate declines: if the index falls up to 15%, principal is returned; below 85.00% of the initial level, losses occur at about 1.1765% of principal for every additional 1% decline, down to a possible total loss.
All payments are unsecured obligations of Wells Fargo Finance LLC, fully and unconditionally guaranteed by WFC, and are subject to their credit risk. The securities are not listed, may have limited secondary liquidity, and have an estimated value on the trade date of $996.73 per $1,000, reflecting structuring, hedging and distribution costs.
Wells Fargo & Company (WFC), as guarantor for Wells Fargo Finance LLC, is offering $45,947,000 of Medium-Term Notes, Series B, equity index-linked “digital securities with buffered downside” tied to the S&P 500 Index, each with a $1,000 face amount, maturing on December 6, 2028.
The notes pay no interest and do not guarantee return of principal. If on the December 4, 2028 determination date the S&P 500 closing level is at least 85.00% of the initial level of 7,730.99, investors receive a fixed $1,200 per $1,000 note, a contingent return of 20.00%. If the index has fallen more than 15.00%, the payoff is $1,000 plus $1,000 × 117.65% × (index return + 15%), producing losses that can reach 100% of principal.
The current estimated value is $997.11 per $1,000 note, reflecting selling, structuring, hedging and funding costs. The notes are unsecured obligations of Wells Fargo Finance LLC, fully and unconditionally guaranteed by Wells Fargo & Company, subject to their credit risk, and will not be listed on any exchange, with no assurance of a secondary market.
Wells Fargo & Company (WFC), through Wells Fargo Finance LLC, is offering principal-at-risk, equity index-linked Medium-Term Notes, Series B, tied to the S&P 500® Index. The notes have a face amount of $1,000 per security, a term expected to be 27–30 months, and pay no interest.
At maturity, investors receive a fixed "digital" payoff if the S&P 500 final level is at least 85% of the initial level: a threshold settlement amount expected between $1,170.50 and $1,200.50 per $1,000, a contingent return of 17.05%–20.05%. If the index falls more than 15%, principal is reduced on a leveraged downside basis, losing about 1.1765% of principal for every 1% drop below 85%, potentially to zero.
The securities are unsecured obligations of Wells Fargo Finance LLC, fully and unconditionally guaranteed by WFC, and are subject to their credit risk. They are not bank deposits, not insured by the FDIC, and will not be listed on any exchange, so liquidity may be limited. The current estimated value is about $996.30 per security and will not be less than $966.30 on the trade date.
Wells Fargo & Company (symbol WFC), through Wells Fargo Finance LLC, is offering principal-at-risk Medium-Term Notes, Series B, linked to a weighted equity index basket. The basket allocates 40% to EURO STOXX 50®, 25% to TOPIX®, 17% to FTSE® 100, 11% to Swiss Market Index (SMI®) and 7% to S&P®/ASX 200.
The notes have a term of about 25–28 months, pay no interest and return at maturity depends on basket performance. Investors receive 180% of any positive basket return, capped at a maximum settlement amount of $1,291.78–$1,343.26 per $1,000 face amount. A 15% downside buffer protects against moderate losses; if the basket falls more than 15%, investors lose about 1.1765% of principal for each additional 1% decline and can lose all principal.
The initial basket level is 100, the buffer level is 85, and the buffer rate is about 117.65%. The securities are unsecured obligations of Wells Fargo Finance LLC, fully and unconditionally guaranteed by WFC, and are subject to their credit risk. The current estimated value is about $985.90 per $1,000 note, and will not be less than $955.90 on the trade date. The notes are not listed, and secondary liquidity is uncertain. The issuer expects to treat them as prepaid derivative contracts for U.S. federal tax purposes.
Wells Fargo & Company (WFC), through Wells Fargo Finance LLC, is offering principal-at-risk Medium-Term Notes, Series B, titled Buffered Enhanced Return Securities linked to the MSCI EAFE Index. Each security has a $1,000 face amount, no coupons, and a maturity expected about 25–28 months after trade date.
At maturity, if the index is above its initial level, investors receive $1,000 plus 150% of the index gain, capped at a maximum settlement amount between $1,272.55 and $1,320.70 per $1,000. If the index is flat to down as much as 15%, investors receive the full $1,000.
If the index falls more than 15%, repayment is reduced on a leveraged basis: investors lose about 1.1765% of principal for each 1% decline beyond the 15% buffer and can lose their entire investment. The current estimated value is about $991.90 per security and will not be less than $960.00 on the trade date. All payments are unsecured obligations of Wells Fargo Finance LLC, fully and unconditionally guaranteed by Wells Fargo & Company, and subject to their credit risk.
WELLS FARGO & COMPANY/MN (symbol: WFC) is the issuer of record for a Form 424B2 filing submitted to the SEC.