Wells Fargo Finance LLC’s preliminary pricing supplement describes callable notes linked to the lower-performing of the Russell 2000 and S&P 500 indexes, with each $1,000 security fully and unconditionally guaranteed by Wells Fargo & Company (WFC). The contingent coupon rate will be set on October 20, 2026, and will be at least 8.10% per annum. Quarterly coupons are payable only when the lowest-performing index closes at or above 55% of its starting value. Wells Fargo Finance LLC may redeem the notes on quarterly payment dates beginning approximately six months after the October 23, 2026 issue date, paying $1,000 per security plus a final coupon, if payable.
If not redeemed, the notes mature on October 23, 2031. Holders receive $1,000 per security if the lowest-performing index ends at or above 55% of its starting value; below that level, principal is based on that index’s performance factor, exposing holders to losses exceeding 45% and potentially all of their principal. The notes provide no participation in index appreciation or dividends and are not listed on an exchange. The preliminary estimated value is approximately $983.40 per security, and the estimated value on the pricing date will be no less than $953.40, compared with the $1,000 offering price.
Wells Fargo & Company (WFC) fully and unconditionally guarantees preliminary market-linked notes offered by Wells Fargo Finance LLC, its finance subsidiary. Each security has a $1,000 face amount and original offering price; the agent discount is $4.00 and proceeds to Wells Fargo Finance LLC are $996.00 per security. The current estimated value is approximately $983.20 per security; the pricing-date estimate will be no less than $953.20.
The contingent coupon rate, set on the pricing date, will be at least 11.65% per annum, paid quarterly only when the lowest-performing of the Dow Jones Industrial Average, Nasdaq-100 Index and Russell 2000 Index closes at or above 70% of its starting value. If the lowest-performing index closes at or above its starting value on a quarterly calculation day from April 2027 through January 2030, the notes are automatically called for $1,000 plus a final contingent coupon. If not called, at the April 19, 2030 maturity, principal is $1,000 only if the lowest-performing index is at or above 70%; below that threshold, repayment reflects its full decline from starting value, with losses exceeding 30% and potentially all principal. The notes do not participate in index appreciation or dividends, are not exchange-listed, and payments are subject to issuer and guarantor credit risk.
Wells Fargo & Company (WFC) guarantees preliminary S&P 500-linked securities issued by Wells Fargo Finance LLC, with an original offering price of $1,000 per security. At maturity, if the final index level is at least 85.00% of its initial level, each $1,000 face amount pays an expected $1,186.00 to $1,218.80, a contingent fixed return of 18.60% to 21.88% to be set on the trade date. Below that threshold, the payment falls by approximately 1.1765% of face amount for each 1% decline below the threshold; investors could lose all principal.
The determination date is expected 27 to 30 months after the trade date, and maturity is expected on the second scheduled business day afterward, subject to postponement. The securities pay no periodic interest. Their current estimated value is approximately $996.80 per security, and the trade-date estimated value will not be less than $966.80. They are unsecured obligations, are not exchange-listed, and the agent is not required to make a market.
Wells Fargo & Company guarantees Wells Fargo Finance LLC’s preliminary offering of $1,000-per-security market-linked notes tied to Amazon.com, Inc. common stock (AMZN), with a stated maturity of October 26, 2028. The contingent coupon rate will be set on the October 22, 2026 pricing date and will be at least 11.00% per annum; monthly coupons are payable only when AMZN’s closing value is at least 70% of its starting value.
On monthly calculation days from April 2027 through September 2028, a closing value at or above the starting value triggers automatic redemption for $1,000 plus any final coupon. If not called, maturity repayment is $1,000 when the final value is at least 70% of the starting value; below that threshold, repayment reflects the full decline from the starting value and can be zero. The notes provide no participation in AMZN appreciation or dividends, carry Wells Fargo credit risk, and are not exchange-listed.
The original offering price is $1,000 per security; the table shows an $18.25 agent discount and $981.75 in proceeds to Wells Fargo Finance LLC per security. The current estimated value is approximately $962.05 per security, and the pricing-date estimate will be no less than $932.05.
Wells Fargo & Company (WFC) guarantees Wells Fargo Finance LLC’s preliminary offering of callable notes with a $1,000 face amount per security, linked to the lowest-performing of the MSCI EAFE, Russell 2000 and S&P 500 indexes. Quarterly contingent coupons will be at least 9.55% per annum, payable only when the lowest-performing index is at or above 70% of its starting value on a calculation day. Wells Fargo Finance LLC may redeem all, but not part, on quarterly coupon payment dates beginning approximately three months after issuance.
If the notes remain outstanding to October 21, 2031, the face amount is repaid only if the lowest-performing index is at or above 65% of its starting value on the final calculation day. Below that threshold, principal falls with the index from its starting value, so losses can exceed 35% and reach the full investment; holders do not participate in index appreciation or receive dividends on index constituents. The current estimated value is approximately $969.30 per security, versus a $1,000 offering price; estimated value at pricing will be no less than $939.30. The notes will not be exchange-listed and are subject to issuer and guarantor credit risk.
Wells Fargo Finance LLC is the issuer of preliminary market-linked securities fully and unconditionally guaranteed by Wells Fargo & Company (WFC). They are linked to the lowest-performing of the Dow Jones Industrial Average, Russell 2000 Index and S&P 500 Index. The face amount and standard original offering price are $1,000 per security; the price is $969 per security for fee-based advisory accounts. Proceeds to Wells Fargo Finance LLC are listed as $969 per security.
The contingent coupon rate will be set on the pricing date and will be at least 7.75% per annum, payable quarterly only when the lowest-performing 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 from October 2027 through July 2030, the securities are automatically called for the face amount plus a final contingent coupon. If not called, a final value below the 70% downside threshold exposes principal to losses from the index’s starting value, potentially all of it; repayment is capped at the face amount. The current estimated value is approximately $953.60 per security, with a pricing-date minimum of $923.60. The securities are not exchange-listed and do not participate in index appreciation or pay dividends.
Wells Fargo Finance LLC is offering preliminary equity-index-linked debt securities with a $1,000 original offering price and face amount per security; Wells Fargo & Company (WFC) fully and unconditionally guarantees them.
The securities track the lowest-performing of the Dow Jones Industrial Average, Nasdaq-100 Index and S&P 500 Index. A monthly contingent coupon is payable only when that index closes at or above 80% of its starting value; the annual rate will be at least 11.90%. Wells Fargo Finance LLC may redeem all securities on quarterly dates from April 2027 through July 2031. If not redeemed, maturity is October 17, 2031: payment is $1,000 if the weakest index is at or above 80% of its starting value; below that level, principal falls by 1.25 times the index decline beyond the 20% buffer, and may be reduced by some or all of the face amount. Holders do not participate in index appreciation.
The current estimated value is approximately $983.50 per security; the pricing-date estimate will be no less than $953.50. The securities are unsecured and unlisted, and the agent and its affiliates are not required to make a secondary market; payments are subject to issuer and guarantor credit risk.
Wells Fargo Finance LLC sets out preliminary terms for callable notes linked to the lowest-performing of the Nasdaq-100, Russell 2000 and S&P 500 indexes; Wells Fargo & Company (WFC) fully and unconditionally guarantees them. Each note has a $1,000 face amount, and its monthly contingent coupon rate will be set on the pricing date at no less than 10.30% per annum; a payment is made only when the lowest-performing index is at or above 70% of its starting value on the calculation day.
The issuer may redeem all, but not part, of the notes on monthly payment dates beginning approximately one year after issuance. If unredeemed at maturity on October 18, 2029, a note repays $1,000 only if the lowest-performing index is at or above 70% of its starting value; below that threshold, the investor bears its full decline from starting value and may lose all principal. The notes provide no index upside or dividends. The current estimated value is approximately $975.10 per security, and the pricing-date estimated value will be at least $945.10. At a $1,000 offering price, proceeds to Wells Fargo Finance LLC are $990 per security; the agent discount is up to $10 per security. The notes are unlisted, and no secondary market is assured.
Wells Fargo & Company (WFC) is the named full and unconditional guarantor of preliminary equity-index-linked securities to be issued by Wells Fargo Finance LLC, with a $1,000 face amount and original offering price per security. The securities track the lowest-performing of the Dow Jones Industrial Average, Nasdaq-100 and Russell 2000. The contingent coupon rate will be set on the pricing date at no less than 12.00% per annum, payable quarterly only if the lowest-performing index closes at or above 73% of its starting value. The $1,000 original price includes a $6.00 agent discount; Wells Fargo Finance LLC receives $994.00 per security.
On quarterly calculation days scheduled from April 2027 through January 2030, the securities are automatically called if the lowest-performing index is at or above its starting value, paying the $1,000 face amount plus a final contingent coupon. If not called, maturity is scheduled for April 19, 2030, subject to postponement: the maturity payment is $1,000 if the lowest-performing index is at or above 70% of its starting value; below that threshold, repayment falls with the index and could result in loss of all principal. The securities do not participate in index gains or dividends, are not exchange-listed, and carry Wells Fargo credit risk. Estimated value is approximately $982.10 per security, with a pricing-date minimum of $952.10.
Wells Fargo & Company (WFC) guarantees Wells Fargo Finance LLC’s offer of unsecured, $10 principal-amount notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500 indexes. The offering price is $10 per Note, with proceeds to Wells Fargo Finance LLC of $9.90 per Note after a $0.10 agent discount; the minimum investment is $1,000 (100 Notes). The coupon rate, set on the Trade Date, is at least 11.55% per annum, or at least $0.2888 per Note quarterly, but pays only if every index is at or above 70% of its initial value on every eligible trading day in the observation period.
If the issuer does not redeem the notes, maturity is July 17, 2030. Principal is repaid if each final index value is at or above 60% of its initial value; if any is below, the principal loss equals the negative return of the least performing index, with possible loss of all principal. Wells Fargo Finance LLC may redeem all, but not part, on quarterly dates beginning after approximately six months, paying principal plus any coupon due. The current estimated value is approximately $9.78 per Note and the Trade Date estimate will be no less than $9.48. The notes are not exchange-listed, and all payments carry issuer and guarantor credit risk.