Company: WFC-PC
Filing Date: 2025-08-26
Form Type: S-3/A
Source: 0001193125-25-188722
Chunk: 71

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-08-26
Form: S-3/A
Chunk 71
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 above, then:

| ● |     | the applicable indenture, including, in the case of subordinated debt securities, the subordination provisions                                                                                                                                     
 contained in the subordinated indenture, will no longer apply to the debt securities of that series; however, certain obligations to compensate, reimburse and indemnify the trustee, to register the transfer and exchange of debt securities, to 
 replace lost, stolen or mutilated debt securities, to maintain paying agencies and the trust funds and to pay additional amounts, if any, required as a result of U.S. withholding taxes imposed on payments to                                    
 non-U.S. persons will continue to apply; and                                                                                                                                                                                                       |

| ● |     | holders of debt securities of that series can only look to the trust fund for payment of principal, any premium 
 and any interest on the debt securities of that series. (Section 403)                                           |

49

Defeasance of Certain Covenants.At the time that we establish a series of debt securities under the applicable indenture, we can provide that the debt securities of that series are subject to the covenant defeasance provisions of that indenture. Unless we specify otherwise in the applicable prospectus supplement, the debt securities offered thereby will be subject to the covenant defeasance provisions of the applicable indenture, and if we make the deposit and deliver the opinion of counsel described above in this section under the section “—Defeasance and Discharge” we will not have to comply with the following restrictive covenants contained in the applicable indenture:

| ● |     | Restrictions Upon Sale or Issuance of Capital Stock of Certain Subsidiary Banks (Section 1005 of the senior 
 indenture) discussed above under “—Covenants Contained in Indentures”; and                                  |

| ● |     | any other covenant we designate when we establish the series of debt securities. |

In the event of a covenant defeasance, our obligations under the applicable indenture and the debt securities, other than with respect to the covenants specifically referred to above, will remain in effect. (Section 1501 of the senior indenture, Section 1701 of the subordinated indenture) If we exercise our option not to comply with the covenants listed above and the debt securities of the series become immediately due and payable because an event of default has occurred, other than as a result of an event of default specifically referred to above, the amount of money and/or Eligible Instruments on deposit with the applicable trustee