Company: WFC-PC
Filing Date: 2025-08-26
Form Type: S-3/A
Source: 0001193125-25-188722
Chunk: 174

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-08-26
Form: S-3/A
Chunk 174
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 supplement. The unit agent will not so apply the principal payments if the holder has delivered cash to meet its obligations under the purchase contract. To settle the purchase contract and receive the purchase contract property, the holder must present and surrender the unit certificates at the office of the unit agent. If a holder settles its obligations under a purchase contract that is part of a unit in cash rather than by delivering the debt security that is part of the unit, that debt security will remain outstanding if the maturity extends beyond the relevant settlement date and, as more fully described in the applicable prospectus supplement, the holder will receive that debt security or an interest in the relevant global debt security. Pledge by Purchase Contract Holders to Secure Performance.To secure the obligations of the purchase contract holders contained in the unit agreement and in the purchase contracts, the holders, acting through the unit agent, as their attorney-in-fact,will grant, sell, convey, assign, transfer and pledge the items in the following sentence, which we refer to as the “ pledge,” to the collateral agent for our benefit. The pledge is a security interest in and to, and a lien upon and right of set-offagainst, all of the holders’ right, title and interest in and to:

| ● |     | any debt securities that are part of units that include the purchase contracts, or other property as may be 
 specified in the applicable prospectus supplement, which we refer to as the “pledged items”;                |

| ● |     | all additions to and substitutions for the pledged items as may be permissible, if so specified in the applicable 
 prospectus supplement;                                                                                            |

| ● |     | all income, proceeds and collections received or to be received, or derived or to be derived, at any time from or 
 in connection with the pledged items described in the two clauses above; and                                      |

| ● |     | all powers and rights owned or thereafter acquired under or with respect to the pledged items. |

The pledge constitutes collateral security for the performance when due by each holder of its obligations under the unit agreement and the applicable purchase contract. The collateral agent will forward all payments from the pledged items to us, unless the payments have been released from the pledge in accordance with the unit agreement. We will use the payments received from the pledged items to satisfy the obligations of the holder of the unit under the related purchase contract. Property Held in Trust by Unit Agent.If a holder fails to settle in cash its obligations under a purchase contract that is part of a unit and fails to present and