富国银行美股招股说明书(2026-05-06版)

Subject To Completion, dated May 6, 2026 PRICING SUPPLEMENT No. 46 dated April, 2026(To Prospectus Supplement dated February 13, 2026and Prospectus datedFebruary 13, 2026)Wells Fargo & Company Medium-Term Notes, Series AA$Fixed Rate Callable NotesNotes dueMay 11, 2041 The notes have a term of 15 years, subject to our right to redeem the notes on the optional redemption dates beginning 8 years after issuance. The notes payinterest annually at a fixed per annum rate, as set forth below. All payments on the notes are subject to the credit risk of Wells Fargo & Company. If WellsFargo & Company defaults on its obligations, you could lose some or all of your investment. The notes will not be listed on any exchange and are designed tobe held to maturity. Terms of the Notes Wells Fargo & Company (“Wells Fargo”) Issuer:Original Offering Price:Pricing Date:Issue Date:Stated Maturity Date: $1,000 per note. References in this pricing supplement to a “note” are to a note with a principal amount of $1,000.May 7, 2026.* May 11, 2041.* The notes are subject to redemption by Wells Fargo prior to the stated maturity date as set forth below under “OptionalRedemption.” The notes are not subject to repayment at the option of any holder of the notes prior to the stated maturity date.Unless redeemed prior to stated maturity by Wells Fargo, a holder will be entitled to receive on the stated maturity date a cash paymentin U.S. dollars equal to $1,000 per note, plus any accrued and unpaid interest. Payment at Maturity: Interest Payment Dates: Annually on the 11thday of each May, commencing May 11, 2027, and at stated maturity or earlier redemption.*With respect to an interest payment date, the period from, and including, the immediately preceding interest payment date (or, in thecase of the first interest period, the issue date) to, but excluding, that interest payment date.5.525% per annum. See “Description of Notes—Interest and Principal Payments” and “—Fixed Rate Notes” in the prospectus Interest Period: supplement for a discussion of the manner in which interest on the notes will be calculated, accrued and paid.The notes are redeemable by Wells Fargo, in whole but not in part, on the optional redemption dates, at 100% of their principal amount Interest Rate: plus accrued and unpaid interest to, but excluding, the redemption date. Any redemption may be subject to prior regulatory approval.Wells Fargo will give notice to the holders of the notes at least 5 days and not more than 30 days prior to the date fixed for redemptionin the manner described in the accompanying prospectus supplement under “Description of Notes—Redemption and Repayment.” Optional Redemption: Annually on the 11thday of each May, commencing May 11, 2034 and ending May 11, 2040*.The notes will not be listed on any securities exchange or automated quotation system.$1,000 and any integral multiples of $1,00095001DQ78 * To the extent that we make any change to the expected pricing date or expected issue date, the interest payment dates, the optional redemption dates andstated maturity date may also be changed in our discretion to ensure that the term of the notes remains the same.Investing in the notes involves risks not associated with an investment in conventional debt securities. See “Selected Risk The notes are unsecured obligations of Wells Fargo, and all payments on the notes are subject to the credit risk of Wells Fargo. If Wells Fargodefaults on its obligations, you could lose some or all of your investment. The notes are not savings accounts, deposits or other obligations of adepository institution and are not insured by the Federal Deposit Insurance Corporation, the Deposit Insurance Fund or any other governmentalagency.Neither the Securities and Exchange Commission nor any state securities commission or other regulatory body has approved or disapproved of these notes or passed upon the accuracy or adequacy of this pricing supplement or the accompanying prospectus supplement and prospectus. Anyrepresentation to the contrary is a criminal offense.Original Offering Price(1)Proceeds to Wells Fargo (1)The agent discount will be no more than $3.00 per note. See “Supplemental Plan of Distribution (Conflicts of Interest)” in the prospectus supplement for furtherinformation including information regarding how we may hedge our obligations under the notes and offering expenses. Wells Fargo Securities, LLC, a wholly ownedsubsidiary of Wells Fargo & Company, is the agent for the distribution of the notes and is acting as principal. Wells Fargo Securities ADDITIONAL INFORMATION ABOUT THE ISSUER AND THE NOTES The notes are senior unsecured debt securities of Wells Fargo & Company and are part of aseries entitled “Medium-Term Notes, Series AA.” All payments on the notes are subject to the credit risk of Wells Fargo. You should read this pricing supplement together with the prospectus supplement datedFebruary 13, 2026 and the prospectus dated Fe