Company: WFC-PC
Filing Date: 2025-06-06
Form Type: S-3
Source: 0001193125-25-137239
Chunk: 22

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-06-06
Form: S-3
Chunk 22
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 PROCEEDS Unless the applicable prospectus supplement states otherwise, the net proceeds from the sale of the offered securities will be added to our general funds and will be available for general corporate purposes, including, but not limited to, the following:

| ● |     | investments in or advances to our existing or future subsidiaries; |

| ● |     | repayment of obligations that have matured; |

| ● |     | the repurchase or redemption of our outstanding securities, including, but not limited to, debt securities and 
 preferred stock and related depositary shares, as applicable; and                                              |

| ● |     | reducing our outstanding debt. |

Until the net proceeds have been used, they will be invested in short-term securities. 15

DESCRIPTION OF DEBT SECURITIES

This section describes the general terms and provisions of our debt securities, which could be senior debt securities or subordinated debt
securities. The prospectus supplement will describe the specific terms of the debt securities offered through that prospectus supplement and any general terms outlined in this section that will not apply to those debt securities.

Unless otherwise specified in the applicable prospectus supplement, the senior debt securities will be issued under an indenture dated as of
February 21, 2017 between us and Citibank, N.A., as senior trustee, referred to herein as the “,” and the subordinated debt securities will be issued under an indenture dated as of February 23, 2017 between
us and The Bank of New York Mellon Trust Company, National Association, as subordinated trustee, referred to herein as the “.”

We have summarized the material terms and provisions of the senior and subordinated indentures in this section. We have also filed each of
these indentures as exhibits to the registration statement of which this prospectus is a part. You should read the applicable indenture for additional information before you buy any debt securities. The summary that follows includes references to
section numbers of these indentures so that you can more easily locate these provisions.

A prospectus supplement to this prospectus may
relate to a series of medium-term notes, established as a series of debt securities under an indenture. In that event, references herein to terms and conditions of debt securities being provided in the “applicable prospectus supplement”
may be provided in the applicable prospectus supplement and/or applicable pricing supplement for such debt securities.

General

The debt securities will be our direct unsecured obligations. Neither of the indentures limits the amount of debt securities that we