Company: WFC-PC
Filing Date: 2025-06-06
Form Type: S-3
Source: 0001193125-25-137239
Chunk: 34

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-06-06
Form: S-3
Chunk 34
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ed from the base rate for a floating rate debt security. The “ spread multiplier” is the percentage that may be specified in the applicable prospectus supplement to be applied to the base rate for a floating rate debt security. The interest rate on any inverse floating rate debt security will also be calculated by reference to a fixed rate. Limitations On Interest Rate.A floating rate debt security may also have either or both of the following limitations on the interest rate:

| ● |     | a maximum limitation, or ceiling, on the rate of interest which may accrue during any interest period, which we 
 refer to as the “maximum interest rate”; and/or                                                                 |

| ● |     | a minimum limitation, or floor, on the rate of interest that may accrue during any interest period, which we 
 refer to as the “minimum interest rate.”                                                                     |

Any applicable maximum interest rate or minimum interest rate will be set forth in the applicable prospectus supplement. New York State law governs the indentures under which the debt securities will be issued. New York has usury laws that limit the amount of interest that can be charged and paid on loans, which includes floating rate debt securities. Under present New York usury law, the maximum permissible rate of interest, subject to some exceptions, is 16% per annum on a simple interest basis for debt securities in which less than $250,000 has been invested and 25% per annum on a simple interest basis for debt securities in which $250,000 or more has been invested. This limit may not apply to floating rate debt securities in which $2,500,000 or more has been invested. How Certain Floating Interest Rates Are Reset. The terms and provisions set forth in this section “—How Certain Floating Interest Rates Are Reset” will only apply to any floating rate debt securities for which the specified base rate is EURIBOR, the federal funds (effective) rate, the prime rate, the Treasury rate, the CMT rate or any other base rate specified in the applicable prospectus supplement that specifically references this section “—How Certain Floating Interest Rates Are Reset” (each, an “ in advance base rate”). For avoidance of doubt, this section “—How Certain Floating Interest Rates Are Reset” shall not apply to Compounded SOFR notes. The interest rate in effect from the issue date to the first interest reset date for a floating rate debt security governed by this section “—How Certain Floating Interest Rates Are Reset” will be the initial interest rate 24

specified in the applicable