Company: WFC-PC
Filing Date: 2025-08-26
Form Type: S-3/A
Source: 0001193125-25-188722
Chunk: 73

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-08-26
Form: S-3/A
Chunk 73
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 Notwithstanding the subordination provisions discussed in this paragraph, we may make payments or distributions on the subordinated debt securities so long as:

| ● |     | the payments or distributions consist of securities issued by us or another company in connection with a plan or 
 reorganization or readjustment; and                                                                              |

| ● |     | payment on those securities is subordinate to outstanding Senior Debt and any securities issued with respect to                                                                                                      
 Senior Debt under such plan of reorganization or readjustment at least to the same extent provided in the subordination provisions of the subordinated debt securities. (Section 1801 of the subordinated indenture) |

If such events in bankruptcy, insolvency or reorganization occur, after we have paid in full all amounts owed on Senior Debt:

| ● |     | the holders of subordinated debt securities, |

| ● |     | together with the holders of any of our other obligations ranking equal with those subordinated debt securities, |

will be entitled to receive from our remaining assets any principal, premium or interest due at that time on the subordinated debt securities and such other obligations before we make any payment or other distribution on account of any of our capital stock or obligations ranking junior to those subordinated debt securities. If we violate the subordinated indenture by making a payment or distribution to holders of the subordinated debt securities before we have paid all of the Senior Debt in full, then such holders of the subordinated debt securities will be deemed to have received the payments or distributions in trust for the benefit of, and will have to pay or transfer the payments or distributions to, the holders of the Senior Debt outstanding at the time. The payment or transfer to the holders of the Senior Debt will be made according to the priorities existing among those holders. Notwithstanding the subordination provisions discussed in this paragraph, holders of subordinated debt securities will not be required to pay, or transfer payments or distributions to, holders of Senior Debt so long as:

| ● |     | the payments or distributions consist of securities issued by us or another company in connection with a plan of 
 reorganization or readjustment; and                                                                              |

| ● |     | payment on those securities is subordinate to outstanding Senior Debt and any securities issued with respect to                                                                                                        
 Senior Debt under such plan of reorganization or readjustment at least to the same extent provided in the subordination provisions of those subordinated debt securities. (Section 1801 of the subordinated indenture) |

Because of the subordination, if we become insolvent