Company: WFC-PC
Filing Date: 2025-06-06
Form Type: S-3
Source: 0001193125-25-137239
Chunk: 49

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-06-06
Form: S-3
Chunk 49
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 Non-USD Benchmark for the applicable Non-USD Corresponding Tenor giving due consideration to any industry-accepted rate of interest as a 
 replacement for the then-current Non-USD Benchmark for floating rate debt securities denominated in the specified currency at such time and (b) the Non-USD               
 Benchmark Replacement Adjustment.                                                                                                                                         |

The term “ Non-USDBenchmark Replacement Adjustment” 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 spread adjustment (which may be a positive or negative value or zero) that has been selected or recommended                                                                                                                                                                                                                 
 by the Non-USD Relevant Governmental Body or determined by us or our designee in accordance with the method for calculating or determining such spread adjustment that has been selected or recommended by the Non-USD Relevant Governmental Body, in each case for the applicable Unadjusted Non-USD Benchmark Replacement; or |

| (2) | the spread adjustment (which may be a positive or negative value or zero) that has been selected by us or our                                                                                                     
 designee giving due consideration to any industry-accepted spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of the then-current Non-USD Benchmark with the 
 applicable Unadjusted Non-USD Benchmark Replacement for floating rate debt securities denominated in the specified currency at such time.                                                                         |

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For the avoidance of doubt, the Non-USDBenchmark Replacement Adjustment for the applicable Non-USDBenchmark Replacement Date may be selected, recommended or determined on a day other than such Non-USDBenchmark Replacement Date. The term “ Non-USD Benchmark Replacement Conforming Changes” means, with respect to any Non-USDBenchmark Replacement, changes to (1) any interest determination date, interest payment date, interest reset date, business day convention or interest period, (2) the manner, timing and frequency of determining rates and amounts of interest that are payable on the relevant debt securities and the conventions relating to such determination, (3) the timing and frequency of making payments of interest, (4) rounding conventions, (5) tenors, (6) any other terms or provisions of the relevant series of debt securities, in each case that we or our designee determine, from time to time, to be appropriate to reflect the determination and implementation of such Non-USDBenchmark Replacement in a manner substantially consistent with market practice (or, if we or our designee decide that implementation of any portion of