Company: WFC-PC
Filing Date: 2025-06-06
Form Type: S-3
Source: 0001193125-25-137239
Chunk: 48

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-06-06
Form: S-3
Chunk 48
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 as applicable to such EURIBOR debt securities at the time of issuance, and subject to any applicable maximum interest rate or minimum interest rate. 33

As used herein: The term “ Non-USDBenchmark” means, initially, EURIBOR for the index maturity indicated in the applicable prospectus supplement; provided that if a Non-USDBenchmark Transition Event and its related Non-USDBenchmark Replacement Date have occurred with respect to EURIBOR or the then-current Non-USDBenchmark, then “Non-USDBenchmark” means the applicable Non-USDBenchmark Replacement. The term “ Non-USDBenchmark Reference Time” with respect to any determination of the Non-USDBenchmark means (1) with respect to EURIBOR debt securities, if the Non-USDBenchmark is EURIBOR, 11:00 a.m., Brussels time, on the relevant interest determination date, and (2) otherwise, the time determined by us or our designee in accordance with the Non-USDBenchmark Replacement Conforming Changes. The term “ Non-USDBenchmark Replacement” means, where the then-current Non-USDBenchmark is EURIBOR or another forward-looking term rate or in advance base rate for which multiple tenors are published by the applicable administrator, the Non-USDInterpolated Benchmark if applicable with respect to the then-current Non-USDBenchmark, plus the Non-USDBenchmark Replacement Adjustment for such Non-USDBenchmark if applicable; provided that if we or our designee cannot determine the Non-USDInterpolated Benchmark as of the Non-USDBenchmark Replacement Date, or if the then-current Non-USDBenchmark is not EURIBOR or another forward-looking term rate or in advance base rate for which multiple tenors are published by the applicable administrator, then “Non-USDBenchmark Replacement” means the first alternative set forth in the order below that can be determined by us or our designee as of the Non-USDBenchmark Replacement Date:

| (1) | the sum of: (a) the alternate rate of interest that has been selected or recommended by the Non-USD Relevant Governmental Body or identified through any other applicable regulatory or legislative action or guidance as the replacement for the then-current Non-USD 
 Benchmark for the applicable Non-USD Corresponding Tenor (if any) and (b) the Non-USD Benchmark Replacement Adjustment;                                                                                                                                                |

| (2) | the sum of: (a) the alternate rate of interest that has been selected by us or our designee as the                                                                        
 replacement for the then-current