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 issuing $11,816,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100 Index, Russell 2000 Index and S&P 500 Index, maturing on May 15, 2030, and fully and unconditionally guaranteed by WFC.
The notes pay a 12.00% per annum contingent coupon (0.30 per $10 note per quarter) only if on every eligible trading day in the quarter each index stays at or above its coupon barrier set at 70% of its initial value. Wells Fargo may redeem the notes quarterly, beginning about six months after settlement, at par plus any due coupon, after which no further payments occur.
If not called and on the final valuation date each index is at or above its downside threshold of 60% of initial, investors receive principal back plus any final coupon. If any index finishes below its downside threshold, repayment is reduced one-for-one with the negative return of the worst-performing index, down to total loss. The notes are unsecured, not listed, have an original offering price of $10.00, with an estimated value of $9.77 per note and net proceeds to the issuer of $9.90 per note after a $0.10 agent discount.
Wells Fargo & Company (WFC), via Wells Fargo Finance LLC, is offering Series B market-linked notes that are fully and unconditionally guaranteed by WFC and linked to the lowest performing of the Dow Jones Industrial Average and the S&P 500 Index, maturing on August 14, 2031. The notes have a $1,000 face amount, no interest payments, and no principal protection. At maturity, holders receive: (i) $1,000 plus 140.50% of any positive return of the worst-performing index; (ii) $1,000 if the worst index is flat or down by up to 30%; or (iii) $1,000 plus the full index return (loss) if the worst index falls more than 30%, meaning losses can exceed 30% and reach 100% of principal. The starting values are 53,791.85 for the Dow and 7,728.20 for the S&P 500, with threshold values set at 70% of those levels. The total offering is $2,151,000 at $1,000 per note, with a maximum agent discount of $10 per note and net proceeds of $990 per note to Wells Fargo Finance LLC. The estimated value, based on Wells Fargo Securities’ proprietary models, is $1,027.15 per note. The notes are unsecured obligations subject to the credit risk of Wells Fargo Finance LLC and WFC, are not listed on any exchange, and may have limited or no secondary market liquidity.
WELLS FARGO & COMPANY (symbol WFC), through issuer Wells Fargo Finance LLC, is offering equity index-linked Medium-Term Notes, Series B, fully and unconditionally guaranteed by WFC. These market-linked securities are tied to the S&P 500® Index and are designed to be held to maturity on October 8, 2027.
Each security has a $1,000 face amount and pays no interest. At maturity, if the S&P 500 ending value is at or above the starting value of 7,728.20, investors receive $1,000 plus a contingent fixed return of at least 12.67% (at least $126.70). If the index is down but not below the threshold value of 6,955.38 (a 10% buffer), investors receive their $1,000 principal.
If the S&P 500 falls more than 10%, investors have 1‑to‑1 downside exposure beyond the buffer and may lose up to 90% of principal. The notes are unsecured obligations subject to the credit risk of Wells Fargo Finance LLC and WFC, are not listed on an exchange, and may have limited or no secondary market. The initial estimated value is about $996.70 per $1,000 security and will not be less than $966.70 on the pricing date, reflecting embedded selling, structuring and hedging costs.
Wells Fargo & Company (WFC), through Wells Fargo Finance LLC, is offering equity index linked Medium-Term Notes, Series B, tied to the S&P 500® Index. Each $1,000 security pays no interest and returns at maturity depend on index performance between a starting value of 7,728.20 and the ending value.
Investors receive 200% of any positive index return, capped at a maximum return of at least 14.40%, so the maximum maturity payment is at least $1,144 per security. A 10% buffer protects against moderate declines: if the index falls up to 10%, principal is returned; below that, losses are 1-to-1 beyond the buffer, with up to 90% of principal at risk.
The notes mature on October 8, 2027, are unsecured obligations of Wells Fargo Finance LLC guaranteed by Wells Fargo & Company, and are subject to their credit risk. They are not listed on any exchange and are designed to be held to maturity. The current estimated value is about $996.80 per $1,000 security, and will not be less than $966.80 on the pricing date, reflecting structuring and hedging costs.
Wells Fargo & Company (WFC), through Wells Fargo Finance LLC, is offering principal-at-risk Medium-Term Notes, Series B, linked to the S&P 500® Index. These Buffered Enhanced Return Securities have a term of about 27–30 months and pay no interest.
At maturity, for each $1,000 note, investors receive: full principal plus 130% of any positive index return, capped at a maximum settlement between $1,280.93 and $1,330.46; $1,000 if the index decline is up to 15.00%; or a leveraged loss of about 1.1765% of principal for each 1% decline beyond the 15% buffer, potentially losing all principal.
The notes are unsecured obligations of Wells Fargo Finance LLC, fully and unconditionally guaranteed by WFC, and all payments depend on their credit. The preliminary estimated value is about $996.60 per $1,000 note, and will not be less than $966.60 on the trade date. The notes will not be listed, may have limited liquidity, and involve complex payoff and tax characteristics.
Wells Fargo Finance LLC is offering Market Linked Securities, auto-callable notes due August 30, 2029, linked to the common stock of GE Vernova Inc. The notes pay a quarterly contingent coupon only if the Underlier’s closing value on the relevant calculation day is at least the coupon threshold value, set at 50% of the starting value, with a contingent coupon rate of at least 15.00% per annum and a memory feature for missed coupons.
From February 2027 through May 2029, if the Underlier’s closing value on any calculation day is at or above the starting value, the notes are automatically called for the face amount plus the applicable coupon and any unpaid coupons. If not called, principal is repaid in full only if the final Underlier value is at or above the downside threshold, also 50% of the starting value; below that level investors lose more than 50%, up to all, of principal and still do not participate in any Underlier upside or dividends. The original offering price is $1,000 per security (or $975 in fee-based accounts), with up to $25 per security agent discount and proceeds of $975 per security to the issuer. The current estimated value is approximately $957.30 per security and will not be less than $920.00 on the pricing date. The notes are unsecured obligations of Wells Fargo Finance LLC, fully and unconditionally guaranteed by Wells Fargo & Company, are not exchange listed, and are designed to be held to maturity or automatic call.
Wells Fargo Finance LLC, fully guaranteed by Wells Fargo & Company, is issuing market-linked, auto-callable notes tied to the common stock of Uber Technologies, Inc. Each security has a $1,000 face amount and matures on August 10, 2029, unless automatically called earlier.
Investors may receive a 13.60% per annum contingent coupon, paid quarterly, only if Uber’s closing value on the relevant calculation day is at least the coupon threshold, set at 75% of the $75.02 starting value (that is, $56.265). Missed coupons can be “remembered” and paid later if the threshold is met on a subsequent calculation day.
From February 2027 through May 2029, if Uber’s closing value on a calculation day is at or above the starting value, the notes are automatically called for $1,000 plus the applicable coupon(s). If not called, principal is protected only if the final Uber price is at or above the downside threshold (also 75% of the starting value). Below that level, repayment falls in proportion to Uber’s decline, with the potential to lose most or all principal. The notes do not participate in any upside of Uber stock and pay no dividends. The notes are unsecured, subject to Wells Fargo’s and the guarantor’s credit risk, not listed on any exchange, and have an estimated value of $961.87 per $1,000, below the issue price due to selling, structuring and hedging costs.
Wells Fargo Finance LLC is issuing Market Linked Securities tied to the common stock of Axon Enterprise, Inc. (AXON), fully and unconditionally guaranteed by Wells Fargo & Company. These three-year notes, due August 10, 2029, are auto-callable and pay contingent rather than fixed interest, with repayment of principal dependent on Axon’s share performance.
The notes offer a quarterly contingent coupon of 19.60% per annum if, and only if, Axon’s closing price on each calculation day is at or above the coupon threshold, set at 50% of the starting value. Missed coupons feature a memory mechanism and are paid later if the threshold is subsequently met. Automatic call can occur quarterly from February 2027 to May 2029 if Axon’s price is at or above the starting value, returning face amount plus all due coupons. If not called, principal is protected only down to a downside threshold equal to 50% of the starting value: if Axon ends below this level, investors are fully exposed to further declines and can lose more than 50%, up to all, of principal. Investors do not receive dividends or upside beyond coupons, all payments are subject to Wells Fargo’s and the guarantor’s credit risk, and there is no exchange listing, so liquidity may be limited.
Wells Fargo Finance LLC is offering market-linked notes tied to the lowest performing of the Dow Jones Industrial Average, Russell 2000 Index, and S&P 500 Index, due August 12, 2031. Each security has a $1,000 face amount and pays a quarterly contingent coupon at 9.90% per annum only if, on the relevant calculation day, the lowest performing index is at or above its coupon threshold of 70% of its starting value. Wells Fargo may redeem the notes in whole on any quarterly redemption date beginning around February 2027, paying face amount plus any due coupon. If not redeemed, principal repayment depends on the final level of the lowest performing index: investors receive $1,000 only if it is at or above its downside threshold of 60% of its starting value; otherwise the maturity payment equals $1,000 multiplied by that index’s performance factor, exposing holders to losses greater than 40% and up to 100% of principal. The notes do not participate in any index upside, pay no dividends, are unsecured obligations guaranteed by Wells Fargo & Company, and have an estimated value of $980.70 per $1,000 at pricing.