THIS ANNOUNCEMENT CONTAINS INFORMATION THAT QUALIFIES, OR MAY
QUALIFY, AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1)
OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF
DOMESTIC LAW IN THE UNITED KINGDOM BY VIRTUE OF THE EUROPEAN UNION
(WITHDRAWAL) ACT 2018 ("UK MAR").
3 April
2024
NOTICE OF REDEMPTION AND
CANCELLATION OF LISTING
to the holders of the
outstanding
EUR 1,500,000,000 Fixed to
Floating Rate Callable Notes due 2025
(ISIN: XS2167007249)
(the "Notes")
issued by Wells Fargo &
Company
(the "Issuer")
under its U.S.$50,000,000,000
Euro Medium Term Note Programme
(the
"Programme")
Notice of redemption is hereby
irrevocably given to the holders of the Notes (the "Noteholders").
Pursuant to: (i) the clause 3.3
(Redemption at the Option of the
Issuer) of the senior notes indenture dated 25 March 2020
relating to the Notes; and (ii) paragraph 23 (Call Option) of the final terms dated
30 April 2020 in respect of the Notes (the "Final Terms"), the Issuer is exercising
its option to redeem all of the outstanding Notes on 4 May 2024
(the "Optional Redemption
Date") at EUR 1,000 per Calculation Amount (as defined in
the Final Terms), together with accrued but unpaid interest from
(and including) 4 May 2023 to (but excluding) the Optional
Redemption Date.
Noteholders
should look to the relevant clearing systems through which their
Notes are held for repayment.
The Issuer will arrange for the
listing of the Notes on the Official List of the United Kingdom
Financial Conduct Authority and the admission of the Notes to
trading on the Main Market of the London Stock Exchange plc to be
cancelled following the redemption of the Notes.
Terms used
but not defined in this announcement shall have the meanings given
to them in the Indenture.
This notice is given by Wells Fargo &
Company.
For the purposes of UK MAR and
Article 2 of Commission Implementing Regulation (EU) 2016/1055 as
it forms part of domestic law in the United Kingdom by virtue of
the European Union (Withdrawal) Act 2018, this announcement
is made by Bryant Owens, Senior Vice President and Assistant
Treasurer of Wells Fargo & Company.
For further information, please
contact:
Media:
Beth Richek
+1 980-308-1568
Investors:
Tanya Quinn
+1 415 396 7495