Company: WFC-PC
Filing Date: 2025-08-26
Form Type: S-3/A
Source: 0001193125-25-188722
Chunk: 72

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-08-26
Form: S-3/A
Chunk 72
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 will be sufficient to pay the principal, any interest, any premium and any other sums, due on the debt securities of that series, such as sinking fund payments, on the date the payments are due under the applicable indenture and the terms of the debt securities, but may not be sufficient to pay amounts due at the time of acceleration. However, we would remain liable for the balance of the payments. (Section 1501 of the senior indenture, Section 1701 of the subordinated indenture) Subordination The subordinated debt securities will be subordinate to all of our existing and future Senior Debt, as defined below. Our “ Senior Debt” includes the senior debt securities and means

| ● |     | any of our indebtedness for borrowed or purchased money, whether or not evidenced by bonds, debentures, notes or 
 other written instruments,                                                                                       |

| ● |     | our obligations under letters of credit, |

| ● |     | any of our indebtedness or other obligations with respect to commodity contracts, interest rate and currency swap                                                                                                    
 agreements, cap, floor and collar agreements, currency spot and forward contracts, and other similar agreements or arrangements designed to protect against fluctuations in currency exchange or interest rates, and |

| ● |     | any guarantees, endorsements (other than by endorsement of negotiable instruments for collection in the ordinary                                                                                                                                         
 course of business) or other similar contingent obligations in respect of obligations of others of a type described above, whether or not such obligation is classified as a liability on a balance sheet prepared in accordance with generally accepted 
 accounting principles,                                                                                                                                                                                                                                   |

whether outstanding on the date of execution of the subordinated indenture or thereafter incurred, other than obligations expressly on a parity with or junior to the subordinated debt securities. Our junior subordinated debt securities rank and will rank junior to the subordinated debt securities. 50

If certain events in bankruptcy, insolvency or reorganization occur, we will first pay all Senior Debt, including any interest accrued after the events occur, in full before we make any payment or distribution, whether in cash, securities or other property, on account of the principal of or interest on the subordinated debt securities. In such an event, we will pay or deliver directly to the holders of Senior Debt any payment or distribution otherwise payable or deliverable to holders of the subordinated debt securities. We will make the payments to the holders of Senior Debt according to priorities existing among those holders until we have paid all Senior Debt, including accrued interest, in full.