Company: WFC-PC
Filing Date: 2025-06-06
Form Type: S-3
Source: 0001193125-25-137239
Chunk: 40

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-06-06
Form: S-3
Chunk 40
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 Government Securities Business Day in the relevant observation period; “ SOFR i”, for any U.S. Government Securities Business Day “ i” in the relevant observation period, is equal to SOFR (as defined below) in respect of that day; “ n i”, for any U.S. Government Securities Business Day “ i” in the relevant observation period, is the number of calendar days from, and including, such U.S. Government Securities Business Day “ i” to, but excluding, the following U.S. Government Securities Business Day (“ i+1”); and “ d” is the number of calendar days in the relevant observation period. For purposes of determining Compounded SOFR, “ SOFR” means, with respect to any U.S. Government Securities Business Day:

| (1) | the Secured Overnight Financing Rate published for such U.S. Government Securities Business Day as such rate                                                                        
 appears on the SOFR Administrator’s Website at 3:00 p.m., New York City time, on the immediately following U.S. Government Securities Business Day (the “SOFR Determination Time”); |

| (2) | if the rate specified in (1) above does not so appear, the Secured Overnight Financing Rate as published                                                                    
 in respect of the first preceding U.S. Government Securities Business Day for which the Secured Overnight Financing Rate was published on the SOFR Administrator’s Website; |

where: “ SOFR Administrator” means the FRBNY (or a successor administrator of the Secured Overnight Financing Rate); and “ SOFR Administrator’s Website” means the website of the FRBNY, or any successor source. Notwithstanding the foregoing, if we or our designee determine that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred prior to the Reference Time in respect of any determination of the then-current Benchmark on any date, the Benchmark Replacement will replace the then-current Benchmark for all purposes relating to the debt securities in respect of such determination on such date and all determinations on all subsequent dates. 28

In connection with the implementation of a Benchmark Replacement, we or our designee will have the right to make Benchmark Replacement Conforming Changes from time to time. Any determination, decision, election or calculation that may be made by us or our designee pursuant to the provisions described in this section “—Compounded SOFR Notes,” including any determination with respect to a rate or adjustment or of the occurrence or non-occurrenceof an event, circumstance or date and any decision to take or refrain