Company: WFC-PC
Filing Date: 2025-08-26
Form Type: S-3/A
Source: 0001193125-25-188722
Chunk: 191

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-08-26
Form: S-3/A
Chunk 191
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 occurs at the beginning or the end of an accrual period.

The adjusted issue price of OID debt securities at the start of any accrual period is generally equal to the issue price, increased by the
accrued OID for each prior accrual period, and reduced by certain prior payments with respect to the OID debt securities that were not qualified stated interest payments.

Under the constant yield method for accruing OID, a U.S. Holder generally will have to include in gross income increasingly greater amounts
of OID in successive accrual periods.

Debt securities may contain provisions allowing the debt securities to be redeemed prior to their
stated maturity date at our option or at the option of holders. For purposes of determining yield and maturity, debt securities that may be redeemed prior to their stated maturity date at the option of the issuer generally will be treated from the
time of issuance as having a maturity date for U.S. federal income tax purposes on such redemption date if such redemption would result in a lower yield to maturity. Conversely, debt securities that may be redeemed prior to their stated maturity
date at the option of the holder generally will be treated from the time of issuance as having a maturity date for U.S. federal income tax purposes on such redemption date if such redemption would result in a higher yield to maturity. If the
exercise of such an option does not occur, contrary to

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the assumptions made as of the issue date, then solely for purposes of the accrual of OID, the debt securities will be treated as reissued on the date of the change in circumstances for an amount
equal to their adjusted issue price.

We are required to report to the IRS the amount of OID accrued in respect of OID debt securities
held by persons other than exempt holders.

Short-Term Debt Securities. In the case of debt securities that have a fixed maturity
of one year or less (“”), all payments, including all payments of stated interest, will be included in the stated redemption price at maturity. The short-term debt securities will be treated for U.S.
federal income tax purposes as having been issued with OID in the amount of the difference between their issue price and stated redemption price at maturity. In general, U.S. Holders that use the accrual method of accounting for U.S. federal income
tax purposes and certain other U.S. Holders are required to accrue OID in respect of short-term debt securities into gross income either on a ratable basis or, if a U.S. Holder so elects, on a constant