Company: WFC-PC
Filing Date: 2025-03-24
Form Type: 424B2
Source: 0001839882-25-017348
Chunk: 6

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-03-24
Form: 424B2
Chunk 6
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 opinion of our counsel, Davis Polk & Wardwell LLP, the notes will be treated as debt instruments for U.S. federal income tax purposes. Based on representations provided by us, the issue price of the notes for U.S. federal income tax purposes should be equal to their stated principal amount and therefore the notes should not be treated as issued with original issue discount. The remaining discussion is based on this treatment.

Tax Consequences to U.S. Holders

This section applies only to U.S. holders. You are a “U.S. holder” if you are a beneficial owner of a note that is, for U.S. federal income tax purposes:

●a citizen or individual resident of the United States;

●a corporation created or organized in or under the laws of the United States, any state therein or the District of Columbia; or

●an estate or trust the income of which is subject to U.S. federal income taxation regardless of its source.

<div align='center'>PRS- 6</div>

Payments of Interest.Stated interest paid ona note will be taxable to you as ordinary interest income at the time it accrues or is received in accordance with your method of accounting for U.S. federal income tax purposes.

Taxable Disposition of a Note.Upon a “taxable disposition” (including a sale, exchange or retirement) of a note, you will recognize capital gain or loss equal to the difference between the amount received (other than amounts received in respect of accrued interest, which will be treated as described under “—Payments of Interest”) and your adjusted tax basis in the note. Your adjusted tax basis in a note generally will be equal to your original purchase price for the note. Your gain or loss generally will be long-term capital gain or loss if at the time of the taxable disposition you held the notes for more than one year, and short-term capital gain or loss otherwise. Long-term capital gains recognized by non-corporate U.S. holders are generally subject to taxation at reduced rates. Any capital loss you recognize may be subject to limitations.

Tax Consequences to Non-U.S. Holders

This section applies only to non-U.S. holders. You are a “non-U.S. holder” if you are a beneficial owner of a note that is, for U.S. federal income tax purposes:

●an individual who is classified as a nonresident alien;

●a foreign corporation; or

●a foreign estate or trust.

You are not a non-U.S. holder for purposes of this