Company: WFC-PC
Filing Date: 2025-06-06
Form Type: S-3
Source: 0001193125-25-137239
Chunk: 54

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-06-06
Form: S-3
Chunk 54
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 replace page USAUCTION11 on that service, which we refer to as “Reuters Page USAUCTION11”; or                                                                                         |

37

| ● |     | if the rate described in the first bullet point is not published by 5:00 p.m., New York City time, on the related                                               
 calculation date, the bond equivalent yield of the auction rate of the applicable Treasury Bills, announced by the United States Department of the Treasury; or |

| ● |     | if the rate described in the second bullet point is not published by 5:00 p.m., New York City time, on the                                                                                                                                               
 related calculation date, the bond equivalent yield of the rate for the applicable Treasury Bills as published in the H.15 Daily Update, or other recognized electronic source used for the purpose of displaying the applicable rate, under the caption 
 “U.S. government securities/Treasury bills (secondary market);” or                                                                                                                                                                                       |

| ● |     | if the rate referred to in the third bullet point is not so published by 5:00 p.m., New York City time, on the                                                                                                                                           
 related calculation date, the rate on the applicable interest determination date calculated by the calculation agent as the bond equivalent yield of the arithmetic mean of the secondary market bid rates, as of approximately 3:30 p.m., New York City 
 time, on the applicable interest determination date, of three primary U.S. government securities dealers, which may include the underwriters or agents for the debt securities or their affiliates, selected by the calculation agent after consultation 
 with us, for the issue of Treasury Bills with a remaining maturity closest to the index maturity specified in the applicable prospectus supplement; or                                                                                                   |

| ● |     | if the dealers selected by the calculation agent are not quoting as set forth above, the Treasury rate for that                                                                             
 interest determination date will remain the Treasury rate for the immediately preceding interest reset period, or, if none, the rate of interest payable will be the initial interest rate. |

The “ bond equivalent yield” means a yield calculated in accordance with the following formula and expressed as a percentage: where “ D” refers to the applicable per annum rate for Treasury Bills quoted on a bank discount basis, “ N” refers to 365 or 366, as the case may be, and “ M” refers to the actual number of days in the interest period for which interest is being calculated. CMT Rate Debt Securities. CMT rate debt securities will bear interest at the interest rates specified