Wells Fargo Finance LLC priced an offering with a total original offering price of $1,767,000 for callable notes linked to the lowest-performing of the Nasdaq-100, Russell 2000 and S&P 500 indexes; Wells Fargo & Company/MN (WFCNP) fully and unconditionally guarantees the notes. Each security has a $1,000 face amount and pays a 10.30% annual contingent coupon monthly only when the lowest-performing index closes at or above 70% of its starting value on that month’s calculation day. Total proceeds to Wells Fargo Finance LLC are $1,749,330; the agent discount is $17,670.
Wells Fargo Finance LLC may redeem the notes in whole, not in part, on monthly payment dates beginning approximately one year after the October 20, 2026 issue date. If not redeemed, the October 18, 2029 maturity payment is $1,000 per security if the lowest-performing index is at least 70% of its starting value on the final calculation day; below that level, repayment follows that index’s performance from its starting value and may be zero. Holders do not participate in index gains or receive dividends, and the notes are not exchange-listed. Their estimated value on the pricing date was $978.43 per security, compared with the $1,000 original offering price.
Wells Fargo Finance LLC is offering $5,000,000 of unsecured market-linked notes, fully and unconditionally guaranteed by Wells Fargo & Company (WFCNP). Each security costs and has a face amount of $1,000, and its payoff is linked to a basket weighted 80% to the S&P 500 Index and 20% to the iShares MSCI EAFE ETF. If the basket rises, the payment at maturity includes 103.10% of its positive return. If it is flat or falls by no more than 20%, the payment is $1,000; declines beyond the 20% buffer reduce principal one-for-one, with a potential loss of up to 80% of face amount.
The notes mature on October 20, 2031, subject to postponement, and pay no periodic interest or dividends. The estimated value was $974.48 per security, below the $1,000 offering price. Payments are subject to the issuer’s and guarantor’s credit risk. The notes are not exchange-listed, and Wells Fargo affiliates are not obligated to buy them or make a market; holders cannot require early repayment.
Wells Fargo & Company (WFCNP) fully and unconditionally guarantees a $3,000,000 offering of market-linked notes issued by Wells Fargo Finance LLC. The issuer is to receive $2,983,500 after a $16,500 agent discount. Each $1,000.00 security has a contingent coupon rate of 10.00% per annum, payable monthly only when the lowest-performing of the Russell 2000 Index, S&P 500 Index and State Street Utilities Select Sector SPDR ETF closes at or above 70% of its starting value on the applicable calculation day.
Wells Fargo Finance LLC may redeem the notes monthly beginning approximately six months after issuance. If not redeemed, at maturity on October 20, 2031, the notes repay the $1,000.00 face amount only if the lowest-performing underlier ends at or above 60% of its starting value; below that threshold, the notes have full downside exposure from the underlier’s starting value and investors could lose all principal. The notes do not participate in underlier appreciation or pay underlier dividends, are unlisted and may have no secondary market. The estimated value was $975.15 per security, below the $1,000.00 offering price. Payments are also subject to issuer and guarantor credit risk.
Wells Fargo & Company (WFCNP) fully and unconditionally guarantees Wells Fargo Finance LLC’s $485,000 total original offering price of S&P 500-linked notes, priced at $1,000 per security and with a stated maturity of October 20, 2032, subject to postponement. The table lists $482,090 in proceeds to Wells Fargo Finance LLC and a $2,910 agent discount.
If the index rises, the return is 106.20% of its percentage gain. If it declines by no more than the 15% buffer, the maturity payment reflects the absolute percentage decline, up to a 15% return. Declines beyond the buffer reduce principal dollar-for-dollar beyond that level, with a potential loss of up to 85% of face amount. The notes pay no periodic interest or dividends, are unsecured obligations of Wells Fargo Finance LLC, and are not exchange-listed. Their estimated value is $980.97 per security, below the $1,000 original offering price; payments are subject to issuer and guarantor credit risk.
Wells Fargo & Company reported preliminary results for the quarter ended September 30, 2026, with revenue of $21.870 billion, up 2% from a year earlier, and net income of $5.951 billion, up 6%. Diluted earnings per common share were $1.87, a 13% year-over-year increase. Net interest income rose 5% to $12.517 billion, while noninterest income fell 1% to $9.353 billion.
Provision for credit losses increased 51% to $1.029 billion, reflecting a higher allowance for commercial and industrial and auto loans due to higher loan balances, partly offset by a lower allowance for commercial real estate loans. Nonperforming assets were $7.359 billion, or 0.70% of total loans, compared with 0.83% a year earlier. At September 30, 2026, the preliminary CET1 ratio was 10.0%, compared with 11.0% a year earlier.
Wells Fargo repurchased 28.6 million shares of common stock for $2.5 billion in the quarter and declared a $0.50 dividend per common share, compared with $0.45 a year earlier. Results are preliminary; final results may differ materially following final review procedures, subsequent events, or discovery of additional information.
Wells Fargo & Company director Ronald Sargent acquired 529.595 Phantom Stock Units on October 1, 2026, with a reported price of $80.25 per share. Each unit represents the right to receive one share of common stock, and the deferred compensation is payable in a lump sum or installments based on the director’s election. His reported balance after the acquisition was 72,073.4427 Phantom Stock Units, including dividend equivalents reinvested in additional units. He also reported 81 common shares held directly and 18,050 common shares held through a revocable trust as of October 1, 2026.
Wells Fargo & Company director Wayne M. Hewett acquired 451.7134 Phantom Stock Units on October 1, 2026; the reported per-share figure was $80.25. Each unit represents the right to receive one share of Wells Fargo common stock. His reported post-transaction position was 42,707.4493 Phantom Stock Units, including dividend equivalents reinvested in additional units. He also held 101 shares of common stock directly.
Wells Fargo & Company director Steven D. Black acquired 1,152.6480 Phantom Stock Units on October 1, 2026, at a reported price of $80.2500 per unit. Each unit represents the right to receive one share of common stock. His direct balance after the acquisition was 59,565.4382 Phantom Stock Units, including dividend equivalents reinvested, and 141.5710 shares of common stock; the common stock balance includes shares acquired through a dividend reinvestment program since his most recent Form 4.
Wells Fargo & Company (WFC) issued two Medium-Term Notes, Series Y, on September 24, 2026: $2,500,000,000 of Senior Redeemable Fixed-to-Floating Rate Notes due September 24, 2030, and $3,500,000,000 of the same type due September 24, 2037. The company filed the form of each note and an opinion from Faegre Drinker Biddle & Reath LLP regarding the notes, along with the firm’s consent, as exhibits connected to its Form S-3 registration statement.
Wells Fargo & Company appointed Scott E. Powell as Chief Risk Officer, effective January 15, 2027. At that time, he will no longer serve as the company’s Chief Operating Officer.