WELLS FARGO & COMPANY/MN (WFC), through Wells Fargo Finance LLC, is offering principal-at-risk, equity index linked medium-term notes tied to the S&P 500® Index. Each security has a $1,000 face amount, no interest payments, and is fully and unconditionally guaranteed by Wells Fargo & Company.
At maturity (expected in 27 to 30 months), investors receive a fixed threshold settlement amount if the index is at or above 85.00% of its initial level, giving a contingent fixed return of 17.26%–20.30% (approximately $1,172.60–$1,203.00 per $1,000). If the index falls more than 15.00%, losses are buffered only to that level, then increase at a leveraged buffer rate of about 117.65%, potentially reducing the payment to zero.
The current estimated value is about $996.50 per security, and will not be less than $966.50 on the trade date, reflecting embedded costs and an internal funding rate. The notes are unsecured obligations subject to the credit risk of Wells Fargo Finance LLC and Wells Fargo & Company, are not FDIC insured, and are not expected to be listed or supported by a liquid secondary market.
WELLS FARGO & COMPANY/MN (symbol: WFC) is the issuer of record for a Form 424B2 filing submitted to the SEC.
WELLS FARGO & COMPANY (symbol WFC), via Wells Fargo Finance LLC, is offering $1,860,000 of Medium-Term Notes, Series B, equity index-linked securities at $1,000 per note, fully and unconditionally guaranteed by WFC. These "Market Linked Securities" pay a 10.45% p.a. contingent coupon monthly only if the lowest performing of the Dow Jones Industrial Average, Nasdaq-100 Index and S&P 500 Index on each calculation day is at or above 70% of its starting value; otherwise no coupon is paid for that month.
Unless earlier redeemed, at maturity in 2031 investors receive $1,000 per note only if the lowest index is at or above its 70% downside threshold; if it is below, repayment is $1,000 times that index’s performance factor, exposing investors to losses greater than 30% and up to 100% of principal, with no upside participation or dividends. The notes are callable quarterly at the issuer’s option at par plus any due coupon, are unsecured obligations subject to the credit risk of Wells Fargo Finance LLC and WFC, are not listed on any exchange, and have an estimated value of $978.65 per $1,000 note, below the offering price due to selling, structuring, hedging and funding costs.
Wells Fargo & Company (WFC), through Wells Fargo Finance LLC, is offering $2,570,000 of Market Linked Securities, Series B, at $1,000 face amount per note, linked to the lowest performing of the S&P 500 Index and the SPDR S&P Metals & Mining ETF (XME), and guaranteed by WFC.
The notes pay a 10.35% per annum contingent coupon quarterly only if, on each calculation day, the lowest performing Underlier is at or above its coupon threshold, set at 60% of its starting value (S&P 500: 7,674.37; XME: $119.34). From February 2027 to May 2029, if the lowest performing Underlier is at or above its starting value on a calculation day, the notes are automatically called at par plus that quarter’s coupon.
If not called, at maturity in August 2029 investors receive $1,000 only if the lowest performing Underlier is at or above its downside threshold (also 60% of start). Below that level, repayment is $1,000 × performance factor, exposing investors to losses greater than 40% and potentially 100%, with no upside participation or dividends. The notes are unsecured, subject to the credit risk of Wells Fargo Finance LLC and WFC, and are not listed, so liquidity may be limited.
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 $1,500,000 of Market Linked Securities, Series B, at $1,000 face amount per note, linked to the lowest performing of the Russell 2000 Index, S&P 500 Index and State Street Utilities Select Sector SPDR ETF. The notes pay a 10.30% per annum contingent monthly coupon only if, on each calculation day, the lowest performing underlier is at or above its coupon threshold of 70% of its starting value. Principal is protected at maturity only if the lowest underlier stays at or above its downside threshold of 65% of starting value; otherwise investors lose more than 35% and potentially all principal. The issuer may redeem the notes monthly from August 2027 at par plus any due coupon, and investors do not participate in any upside of the underliers. The current estimated value is $970.56 per note, below the $1,000 offering price, reflecting selling, structuring and hedging costs. Payments are unsecured obligations subject to the credit risk of Wells Fargo Finance LLC and the Wells Fargo & Company guarantee, and the notes are not listed or exchange-traded.
WELLS FARGO & COMPANY (WFC), as guarantor, supports a new issuance of Wells Fargo Finance LLC Medium-Term Notes, Series B, totaling $19,789,000 of S&P 500-linked Buffered Enhanced Return Securities maturing on November 22, 2028.
The notes are unsecured, pay no interest, and repay less than principal if the S&P 500® Index falls more than 15% from the initial level of 7,641.16. Upside is leveraged at a 130% participation rate but capped at a maximum cash payment of $1,318.89 per $1,000 note once the index reaches 124.53% of the initial level. A buffer level of 6,494.986 (85% of the initial index level) protects principal only up to a 15% decline; below that, investors lose about 1.1765% of face amount for each additional 1% index drop and could lose all principal. The current estimated value is $997.17 per note, reflecting structuring and hedging costs. The notes are not listed, secondary liquidity is uncertain, and all payments are subject to the credit of Wells Fargo Finance LLC and the full and unconditional guarantee of WFC, with complex and uncertain U.S. tax treatment.
Wells Fargo & Company (WFC), through Wells Fargo Finance LLC, is offering medium-term, equity index-linked notes that pay contingent quarterly coupons and may be automatically called before September 3, 2031. Payments depend on the lowest performing of the Dow Jones Industrial Average, Russell 2000 Index, and S&P 500 Index.
The notes pay a quarterly coupon only if the lowest index on each calculation day is at least 70% of its starting value; otherwise no coupon is paid for that quarter. From August 2027 to May 2031, if the lowest index is at or above its starting value on a calculation day, the notes are called at par plus that quarter’s coupon.
If not called, principal repayment at maturity depends on the final level of the lowest index. If it is at least 60% of its starting value, investors receive the $1,000 face amount; if below 60%, repayment is $1,000 multiplied by the index performance factor, so investors can lose more than 40% and up to all principal. Investors do not participate in any upside of the indices and receive no dividends. The minimum coupon rate will be at least 8.85% per annum, but payments are not guaranteed. All payments are subject to the credit risk of Wells Fargo Finance LLC and the Wells Fargo & Company guarantee, and the notes will not be listed. The estimated value at pricing is expected to be about $971.50 per $1,000 note and in any event not less than $941.50, reflecting selling, structuring, hedging and funding costs.
Wells Fargo & Company (WFC), through Wells Fargo Finance LLC, is offering Medium-Term Notes, Series B in the form of equity index-linked "Buffered Enhanced Return Securities" tied to the MSCI EAFE Index®. The notes pay no interest and are unsecured obligations of Wells Fargo Finance LLC, fully and unconditionally guaranteed by WFC.
For each $1,000 note held to maturity (expected in about 25–28 months), investors receive: 150% of any positive index return, capped at a maximum settlement amount expected between $1,271.20 and $1,319.05; the full $1,000 if the index falls by up to 15.00%; or a loss on a leveraged downside basis of about 1.1765% of principal for each 1% index decline beyond 15%, potentially losing all principal.
The indicative estimated value is about $993.10 per $1,000 note and will not be less than $963.10 on the trade date, reflecting structuring, hedging and funding costs. The notes will not be listed, secondary liquidity is uncertain, and returns depend on both MSCI EAFE performance and the credit of Wells Fargo Finance LLC and WFC.
WELLS FARGO & COMPANY/MN (symbol: WFC) is the issuer of record for a Form 424B2 filing submitted to the SEC.