Company: WFC-PC
Filing Date: 2025-08-28
Form Type: 424B2
Source: 0001193125-25-191319
Chunk: 10

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-08-28
Form: 424B2
Chunk 10
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 in a sale of the notes, such subsidiary or entity will
not confirm sales to accounts over which they exercise discretionary authority without the prior specific written approval of the customer in accordance with Rule 5121.

Wells Fargo Securities, LLC or any of its affiliates may use the applicable pricing supplement, this prospectus supplement and the
accompanying prospectus for offers and sales related to market-making transactions in the notes. Such entities may act as principal or agent in these transactions, and the sales will be made at prices related to prevailing market prices at the time
of sale.

Each of the agents may be deemed to be an “underwriter” within the meaning of the Securities Act of 1933, as amended
(the “”). We and the agents have agreed to indemnify each other against certain liabilities, including liabilities under the Securities Act, or to contribute to payments made in respect of those liabilities. We have
also agreed to reimburse the agents for specified expenses.

We estimate that we will spend approximately $20 million for printing, rating
agency, trustee and legal fees and other expenses allocable to offerings of the notes.

Unless otherwise provided in the applicable
pricing supplement, we do not intend to apply for the listing of the notes on any securities exchange or automated quotation system, but have been advised by the agents that they intend to make a market for the notes, as applicable laws and
regulations permit. The agents are not obligated to do so, however, and the agents may discontinue making a market in any or all of the notes at any time without notice. No assurance can be given as to the liquidity of any trading market for these
notes.

S-9

When an agent acts as principal for its own account, to facilitate the offering of the
notes, the agent may engage in transactions that stabilize, maintain or otherwise affect the price of the notes. Specifically, the agent may overallot in connection with any offering of the notes, creating a short position in the notes for its own
account. In addition, to cover overallotments or to stabilize the price of the notes, the agent may bid for, and purchase, the notes in the open market. Finally, in any offering of the notes through a syndicate of underwriters, the underwriting
syndicate may reclaim selling concessions allowed to an underwriter or a dealer for distributing the notes in the offering if the syndicate repurchases previously distributed notes in transactions to cover syndicate short positions, in stabilization
transactions or otherwise. Any of these activities