Company: WFC-PC
Filing Date: 2025-06-06
Form Type: S-3
Source: 0001193125-25-137239
Chunk: 62

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-06-06
Form: S-3
Chunk 62
---
 debt securities. Original Issue Discount Debt securities may be issued under the indentures as original issue discount securities and sold at a substantial discount below their stated principal amount. If a debt security is an original issue discount security, that means that an amount less than the principal amount of the debt security will be due and payable upon a declaration of acceleration of the maturity of the debt security under the applicable indenture. (Section 101) See “—Interest and Principal Payments—Discount Debt Securities” and “United States Federal Income Tax Considerations” for the federal income tax considerations and other special factors you should consider before purchasing any original issue discount securities. Covenants Contained in Indentures Except as otherwise set forth in the next sentence, the senior indenture:

| ● |     | prohibits us and our subsidiaries from selling, pledging, assigning or otherwise disposing of shares of capital                                                                                  
 stock, or securities convertible into capital stock, of any Principal Subsidiary Bank or of any subsidiary owning, directly or indirectly, any capital stock of a Principal Subsidiary Bank; and |

| ● |     | prohibits any Principal Subsidiary Bank from issuing any shares of its capital stock or securities convertible 
 into its capital stock.                                                                                        |

This restriction does not apply to:

| ● |     | sales, pledges, assignments or other dispositions or issuances of directors’ qualifying shares; |

| ● |     | sales, pledges, assignments or other dispositions or issuances, so long as, after giving effect to the                                                                                                                                                    
 disposition and to the issuance of any shares issuable upon conversion or exchange of securities convertible or exchangeable into capital stock, we would own directly or through one or more of our subsidiaries not less than 80% of the shares of each 
 class of capital stock of the applicable Principal Subsidiary Bank;                                                                                                                                                                                       |

| ● |     | sales, pledges, assignments or other dispositions or issuances made in compliance with an order or direction of a 
 court or regulatory authority of competent jurisdiction; or                                                       |

| ● |     | sales of capital stock by any Principal Subsidiary Bank to its stockholders so long as before the sale we own                                                                                
 directly or indirectly shares of the same class and the sale does not reduce the percentage of the shares of that class of capital stock owned by us. (Section 1005 of the senior indenture) |

43

When we use the term “ subsidiary” in this section “—Covenants Contained in Indentures”