Company: WFC-PC
Filing Date: 2025-06-06
Form Type: S-3
Source: 0001193125-25-137239
Chunk: 15

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-06-06
Form: S-3
Chunk 15
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 of “Benchmark Replacement” under the section entitled “Description of Debt Securities—Floating Rate Debt Securities—Base Rates—Compounded SOFR Notes” will apply). The administrator has
no obligation to consider your interests in calculating, adjusting, converting, revising or discontinuing SOFR. For each interest period for which any debt securities bear interest at a floating rate based on Compounded SOFR, SOFR (as referenced in
the formula to determine Compounded SOFR) in respect of a particular date will not be adjusted for any modifications, corrections or amendments to SOFR data that the administrator of SOFR may publish after SOFR for such day has been determined as
described herein.

If A Benchmark Transition Event And Its Related Benchmark Replacement Date Occur With Respect To Compounded SOFR (Including Daily SOFR), The Interest Rate For Any Applicable Interest Period Will No Longer Be Determined By Reference To Compounded SOFR.

If a Benchmark Transition Event and its related Benchmark Replacement Date occur with respect to Compounded SOFR (including daily SOFR), then
the interest rate on Compounded SOFR notes for any applicable interest period will no longer be determined by reference to Compounded SOFR, but instead will be determined by us or our designee by reference to another rate, as described herein under
the section entitled “Description of Debt Securities—Floating Rate Debt Securities—Base Rates—Compounded SOFR Notes.” The composition and characteristics of any Benchmark Replacement may not be the same as Compounded SOFR
(including daily SOFR) and there can be no guarantee that any Benchmark Replacement will be a comparable substitute for Compounded SOFR (including daily SOFR). The occurrence of a Benchmark Transition Event and its related Benchmark Replacement Date
and the implementation of a Benchmark Replacement may adversely affect the value of and the return on Compounded SOFR notes.

The Benchmark Replacement Is Uncertain.

Compounded SOFR notes provide that the floating rate of interest on the debt securities for each
applicable interest period will be determined by reference to Compounded SOFR or another rate pursuant to the

8

definition of “Benchmark Replacement” set forth herein under the section entitled “Description of Debt Securities—Floating Rate Debt Securities—Base Rates—Compounded
SOFR Notes.” If each alternative rate referenced in the definition of “Benchmark Replacement” is unavailable or indeterminable, we or our designee will determine the Benchmark Replacement that will apply to Compounded SOFR notes. The
substitution of a Benchmark Replacement for Compounded SOFR may