Company: WFC-PC
Filing Date: 2025-06-06
Form Type: S-3
Source: 0001193125-25-137239
Chunk: 2

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-06-06
Form: S-3
Chunk 2
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 described in this Registration Statement after they are initially offered and sold and in other securities of Wells Fargo & Company offered and sold under prior registration statements.

PROSPECTUS

$5,400,000,000

### WELLS
FARGO & COMPANY

420 Montgomery Street

San Francisco, California 94104

(415) 371-2921

Debt Securities

Preferred Stock

Depositary
Shares

Common Stock

Purchase
Contracts

Units

Securities
Warrants

We will provide the specific terms of these securities in supplements to this prospectus. You should read this prospectus and the applicable
prospectus supplement carefully before you invest. Our common stock is listed on the New York Stock Exchange under the symbol “WFC.”

Neither the Securities and Exchange Commission nor any state securities commission or other regulatory body has approved or disapproved of these securities or passed upon the accuracy or adequacy of this prospectus. Any representation to the contrary is a criminal offense.

These securities are our unsecured obligations, and all payments are subject to our credit risk. If we default on our obligations, you could lose some or all of your investment. The securities are not savings accounts, deposits or other obligations of any bank or nonbank subsidiary of Wells Fargo & Company and are not insured by the Federal Deposit Insurance Corporation, the Deposit Insurance Fund or any other governmental agency.

We will use this prospectus in the initial sale of the securities. In addition, Wells Fargo Securities, LLC, Wells Fargo Advisors (the trade
name of the retail brokerage business of our affiliates, Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLC) or another of our affiliates, may use this prospectus in a market-making transaction in any of the
securities after their initial sale.

Investing in our securities involves risks. You should consider the risk factors described herein and in any documents that we incorporate by reference in this prospectus. See “ Risk Factors” on page 2.

This prospectus is dated , 2025.

TABLE OF CONTENTS

| ABOUT THIS PROSPECTUS                           |     |   1 |
| RISK FACTORS                                    |     |   2 |
| WHERE YOU CAN FIND MORE INFORMATION             |     |  12 |
| THE COMPANY                                     |     |  14 |
| USE OF PROCEEDS                                 |     |  15 |
| DESCRIPTION OF DEBT SECURITIES                  |     |  16 |
| DESCRIPTION OF PREFERRED STOCK                  |