Wells Fargo Finance LLC is issuing Market Linked Securities, Medium-Term Notes, Series B, fully and unconditionally guaranteed by Wells Fargo & Company, linked to the S&P 500 Index. Each security has a $1,000 face amount, original offering price of $1,000, and total offering size of $3,200,000.
At maturity on September 23, 2027, investors receive: the face amount plus a contingent fixed return of 12.35% ($123.50) if the Index ending value is at or above the starting value; the face amount if the Index has fallen but not by more than the 10% buffer; or reduced principal with 1‑to‑1 downside beyond the buffer, with losses up to 90% of principal possible. The starting value is 7,736.52 and the threshold value is 6,962.868. The notes pay no interest, do not provide dividends or upside above the 12.35% cap, are unsecured obligations subject to Wells Fargo’s and the guarantor’s credit risk, and are not listed, so liquidity may be limited. The current estimated value is $996.66 per $1,000 security, reflecting selling, structuring, hedging and funding costs.
Wells Fargo Finance LLC, guaranteed by Wells Fargo & Company, is offering equity index-linked medium-term notes that are auto-callable with contingent coupons, linked to the worst performer of the Russell 2000® and EURO STOXX 50® indices and maturing on August 22, 2030.
Investors receive quarterly contingent coupons only if the lowest-performing index on each calculation day is at or above its coupon threshold, set at 65% of its starting value. The contingent coupon rate will be at least 8.00% per annum. If from February 2027 to May 2030 the lowest-performing index is at or above its starting value on a calculation day, the notes are automatically called at face amount plus a final coupon.
If the notes are not called and the worst index finishes below its downside threshold (65% of starting value) at final observation, principal is reduced one-for-one with the index decline, leading to losses greater than 35% and possibly a total loss. The estimated economic value is about $962 per $1,000 note (not less than $932 at pricing), below the public offering price due to embedded selling, hedging and structuring costs. The notes are unsecured obligations subject to Wells Fargo’s credit risk, will not be listed on an exchange, and may have limited or no secondary market liquidity.
Wells Fargo Finance LLC is offering Market Linked Securities (Medium-Term Notes, Series B) linked to the common stock of NVIDIA Corporation, fully and unconditionally guaranteed by Wells Fargo & Company. Each security has a $1,000 face amount and a term to August 20, 2027, subject to automatic call.
The notes pay a monthly contingent coupon at a rate of at least 16.75% per annum only if NVIDIA’s closing value on the relevant calculation day is at or above a coupon threshold equal to 70% of the starting value. From February 2027 to July 2027, if NVIDIA’s closing value on any calculation day is at or above the starting value, the notes are automatically called for the $1,000 face amount plus a final coupon.
If not called, investors receive at maturity $1,000 per security only if the final NVIDIA value is at or above a downside threshold also set at 70% of the starting value; otherwise, repayment is reduced in line with NVIDIA’s decline from the starting value, with the possibility of losing all principal. Investors do not participate in any upside of NVIDIA or receive dividends, and all payments are subject to the credit risk of Wells Fargo Finance LLC and Wells Fargo & Company. The current estimated value is about $973.70 per security, and will not be less than $940.00 on the pricing date, below the $1,000 offering price due to selling, structuring, hedging and funding costs.
Wells Fargo Finance LLC is offering unsecured market-linked notes, fully guaranteed by Wells Fargo & Company, linked to the Nasdaq-100 Index® and scheduled to mature on September 3, 2030. Each security has a $1,000 face amount, pays no interest and may be automatically called early.
If on any call date from 2027–2030 the index closing value is at or above its starting value, the notes are automatically called for $1,000 plus a call premium of at least 10.65%, 21.30%, 31.95% or 42.60%, depending on the call year. If not called, at maturity investors receive $1,000 if the index has fallen by no more than the 10% buffer; below that level, repayment is reduced 1-for-1 with index losses beyond the buffer, down to as little as $100.
The issuer quotes a current estimated value of about $963.10 per $1,000 security (and not less than $930.00 on the pricing date), reflecting selling, structuring, hedging and funding costs. The notes are not listed, may have limited liquidity, and all payments are subject to the credit risk of Wells Fargo Finance LLC and Wells Fargo & Company.
Wells Fargo Finance LLC is offering Market Linked Securities, Series B medium‑term notes, linked to the common stock of Axon Enterprise, Inc. Each note has a $1,000 face amount, pays a contingent quarterly coupon only if Axon’s closing price on the relevant calculation day is at or above the coupon threshold, and may be automatically called if Axon is at or above the starting value on specified dates from February 2027 to May 2029.
The starting value of Axon is $607.20, with both the coupon threshold and downside threshold set at 50% of that level ($303.60). The contingent coupon rate will be set on the pricing date and will be at least 21.10% per annum, paid only when the threshold is met, with a “memory” feature that can make up missed coupons later. If the notes are not called and Axon finishes below the downside threshold on the final calculation day in August 2029, investors receive $1,000 × (ending value/starting value) and can lose more than 50%, up to their entire principal; if Axon finishes at or above the downside threshold, principal is repaid but no upside on Axon is paid.
The securities are unsecured obligations of Wells Fargo Finance LLC, fully and unconditionally guaranteed by Wells Fargo & Company, and are subject to their credit risk. They will not be listed on any exchange and are designed to be held to automatic call or the stated maturity date of August 9, 2029. The current estimated value is approximately $953.10 per $1,000 note and will not be less than $900 on the pricing date, reflecting selling, structuring, hedging and funding costs borne by investors.
Wells Fargo Finance LLC is offering auto-callable, equity index-linked notes tied to the S&P 500 Index, fully and unconditionally guaranteed by Wells Fargo & Company. Each security has a $1,000 face amount, no interest, no dividends and no exchange listing.
The notes may be automatically called on annual call dates through August 28, 2030 if the S&P 500 closing value is at or above the starting value, paying at least 8.00%, 16.00%, 24.00% or 32.00% of face amount depending on the call year. If not called, principal is protected only by a 7.50% buffer: you receive $1,000 at maturity if the index is down by no more than 7.50%, but lose 1% of principal for every 1% decline beyond that, up to a 92.50% loss. The preliminary estimated value is $961.40 per $1,000 (not less than $930.00 on pricing), reflecting selling, structuring, hedging and funding costs, and all payments are subject to the credit risk of Wells Fargo Finance LLC and Wells Fargo & Company.
Wells Fargo Finance LLC is offering market-linked, auto-callable notes due August 17, 2029, linked to the worst performer of Amazon, Meta and NVIDIA stock. The notes pay a monthly contingent coupon at a rate to be set on the pricing date, at least 13.00% per annum, but only if the lowest performing underlier on each calculation day is at or above 50% of its starting value, with a “memory” feature that can make up missed coupons later.
From February 2027 to July 2029, if the lowest performer is at or above 95% of its starting value on a calculation day, the notes are automatically called at par plus the applicable coupon and any unpaid coupons. If not called, at maturity investors receive $1,000 per note only if the lowest performer is at or above 50% of its starting value; otherwise they are fully exposed to the decline from the starting value and can lose more than 50%, up to all principal, and never participate in any upside of the stocks.
The notes are unsecured obligations of Wells Fargo Finance LLC, fully and unconditionally guaranteed by Wells Fargo & Company, with all payments subject to their credit risk. The original offering price is $1,000 per security, with an agent discount of $18.25 and issuer proceeds of $981.75 per security. The current estimated value is approximately $958.50 per security and will not be less than $920.00 on the pricing date.
Wells Fargo Finance LLC is issuing market-linked notes tied to the S&P 500® Index, fully and unconditionally guaranteed by Wells Fargo & Company. Each security has a $1,000 face amount, no periodic interest, no dividends, and matures on September 23, 2027.
At maturity, if the index ending value is at or above the starting value of 7,736.52, investors receive $1,000 plus a contingent fixed return of at least 12.35% (at least $123.50). If the index declines but stays at or above the 10% buffer level (threshold value 6,962.868), investors receive the $1,000 face amount. Below the threshold, investors have 1-to-1 downside exposure beyond the 10% buffer and may lose up to 90% of principal.
The preliminary estimated value is approximately $997 per security and will not be less than $967 on the pricing date, reflecting selling, structuring, hedging and funding costs, so secondary market values are expected to be below the $1,000 issue price. The notes are unsecured obligations subject to the credit risk of Wells Fargo Finance LLC and Wells Fargo & Company, will not be listed on an exchange, and may have limited or no secondary market liquidity.
Wells Fargo Finance LLC is offering Medium-Term Notes, Series B that are equity index-linked and fully and unconditionally guaranteed by Wells Fargo & Company. These callable securities, due August 11, 2031, are linked to the worst-performing of the Dow Jones Industrial Average, Russell 2000 Index and S&P 500 Index.
Investors receive quarterly contingent coupons at a rate of at least 9.90% per annum only if, on each calculation day, the lowest-performing index is at or above 70% of its starting value. Principal is protected at maturity only if the worst index is at or above 60% of its starting value; otherwise, investors lose more than 40%, up to the entire $1,000 face amount per security.
Wells Fargo may redeem the notes quarterly starting about six months after issuance at par plus any due coupon, which can cap income if markets are favorable. The notes are unsecured, subject to the credit risk of the issuer and guarantor, have an estimated value of about $978.50 per security (not less than $948.50 at pricing), and will not be listed, implying limited liquidity and potentially discounted secondary prices.
Wells Fargo Finance LLC is offering market-linked, principal-at-risk notes linked to the Russell 2000® Index, fully and unconditionally guaranteed by Wells Fargo & Company. Each security has a $1,000 face amount, no interest payments, and no listing, and is designed to be held to maturity on September 23, 2027.
At maturity, the cash payment per security depends on index performance from the starting value 3,036.975 to the ending value. If the index is at or above the starting value, investors receive $1,000 plus a contingent fixed return of at least 15.63% ($156.30). If the index is down but not below the 90% threshold (10% buffer), investors receive $1,000. If it falls below the threshold, repayment is reduced 1‑for‑1 beyond the 10% buffer, with up to a 90% loss of principal possible. The current estimated value is $997.10 per security (not less than $967.00 on the pricing date), reflecting selling, structuring, hedging and funding costs, and secondary market prices, if any, are expected to be below the original offering price.