Company: WFC-PC
Filing Date: 2025-08-28
Form Type: 424B2
Source: 0001193125-25-191319
Chunk: 4

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-08-28
Form: 424B2
Chunk 4
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 notes will be our senior unsecured obligations and will rank equally with all of our other senior debt securities. Payment of principal of the senior notes may be accelerated only in the case of certain payment defaults and certain events of bankruptcy, insolvency or reorganization. A covenant breach, as defined in the accompanying prospectus, is not an event of default under the senior indenture, and payment of principal of the senior notes may not be accelerated for such breach. See “Description of Debt Securities—Events of Default and Covenant Breaches” in the accompanying prospectus. The subordinated notes will be our unsecured obligations and will rank equally with all of our other subordinated debt securities and, together with such other subordinated debt securities, will be subordinated to all of our existing and future Senior Debt, as defined under “Description of Debt Securities—Subordination” in the accompanying prospectus. Holders of subordinated notes have more limited acceleration rights than holders of senior notes. Payment of principal of the subordinated notes may be accelerated only in the case of certain events of bankruptcy, insolvency or reorganization. See “Description of Debt Securities—Events of Default and Covenant Breaches” in the accompanying prospectus. As of June 30, 2025, on a non-consolidatedbasis, we had approximately $151 billion of Senior Debt outstanding, excluding obligations under letters of credit, guarantees, foreign exchange contracts and interest rate swap contracts. In addition, we were obligated on such date under letters of credit, guarantees, foreign exchange contracts and interest rate swap contracts to which the subordinated notes will be subordinated pursuant to the terms of the subordinated indenture. The subordinated indenture does not limit the amount of indebtedness or obligations, including Senior Debt, that we may issue. Holders of the notes may be fully subordinated to interests held by the U.S. government in the event we enter into a receivership, insolvency, liquidation or similar proceeding. We may issue an indeterminate amount of notes from time to time. We may also, from time to time, without the consent of the holders of the notes, issue additional notes or other debt securities having the same terms as previously issued notes (other than the original issue date, the date, if any, that interest begins to accrue and the issue price, which may vary) that will form a single issue with the previously issued notes. For purposes of this prospectus supplement, the principal amount of any discount note (as defined in the accompanying prospectus) means