Company: WFC-PC
Filing Date: 2025-02-04
Form Type: 424B2
Source: 0001839882-25-006960
Chunk: 2

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-02-04
Form: 424B2
Chunk 2
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 such time, the value of your notes in any secondary market transaction would also be adversely affected.

Holders Of The Notes Have Limited Rights Of Acceleration.

Holders Of The Notes Could Be At Greater Risk For Being Structurally Subordinated If We Convey, Transfer Or Lease All Or Substantially All Of Our Assets To One Or More Of Our Subsidiaries.

Risks Relating To SOFR, Compounded SOFR A nd A Benchmark Replacement

The Interest Rate On The Notes Is Based On Compounded SOFR And Therefore The Notes Are Subject To The Following Risks, Each As Discussed In More Detail In The Accompanying Prospectus Supplement.

●SOFR Has A Limited History; The Future Performance of SOFR Cannot Be Predicted Based On Historical Performance.

●Any Failure Of SOFR To Maintain Market Acceptance Could Adversely Affect The Notes.

●The Interest Rate On The Notes Is Based On A Daily Compounded SOFR Rate, Which Is Relatively New In The Marketplace.

●The Amount Of Interest Payable With Respect To Each Interest Period Will Be Determined Near The End Of The Interest Period.

●The Composition And Characteristics of SOFR Are Not The Same As Those Of LIBOR.

●The SOFR Administrator May Make Changes That Could Change The Value of SOFR Or Discontinue SOFR And Has No Obligation To Consider Your Interests In Doing So.

●If A Benchmark Transition Event And Its Related Benchmark Replacement Date Occur With Respect To Compounded SOFR (Including Daily SOFR), The Interest Rate For Any Applicable Interest Period Will No Longer Be Determined By Reference To Compounded SOFR.

<div align='center'>PRS- 3</div>

●The Benchmark Replacement Is Uncertain.

●We Or Our Designee Will Have Authority To Make Determinations, Elections, Calculations And Adjustments That Could Affect The Value Of And Your Return On The Notes.

●Research Reports By Us Or Our Affiliates May Be Inconsistent With An Investment In The Notes.

Risks Relating To An Investment In Wells Fargo’s Debt Securities, Including The Notes

The Notes Are Subject To The Credit Risk Of Wells Fargo.

The notes are our obligations and are not, either directly or indirectly, an obligation of any third party. Any amounts payable under the notes are subject to our creditworthiness. As a result, our actual and perceived creditworthiness may affect the value of the notes and, in the event we were to default on our obligations, you may not receive any amounts owed to