Subject To Completion, dated June 17, 2026PRICING SUPPLEMENT No. 53 dated June, 2026(To Prospectus Supplement dated February 13, 2026and Prospectus datedFebruary 13, 2026)Wells Fargo Finance LLC Medium-Term Notes, Series B Fully and Unconditionally Guaranteed by Wells Fargo & Company$Fixed Rate Callable NotesNotes dueAugust 20, 2027 The notes have a term of 13 months, subject to our right to redeem the notes on the optional redemption dates beginning 6 months after issuance. The notespay interest annually at a fixed per annum rate, as set forth below. All payments on the notes are subject to credit risk. If Wells Fargo Finance LLC, as issuer,and Wells Fargo & Company, as guarantor, default on their obligations, you could lose some or all of your investment. The notes will not be listed on anyexchange and are designed to be held to maturity. Terms of the Notes Issuer:Wells Fargo Finance LLCGuarantor:Wells Fargo & CompanyOriginal Offering Price:$1,000 per note; provided that the original offering price for an eligible institutional investor and an investor purchasing the notes in afee-based advisory account will vary but will not be less than $997.00 per note and will not be more than $1,000 per note.Because theoriginal offering price for eligible institutional investors and investors purchasing the notes in a fee-based advisory accountwill vary as described in footnote (1) below, the price such investors pay for the notes may be higher than the prices paid byother eligible institutional investors or investors in fee-based advisory accounts based on then-current market conditions andthe negotiated price determined at the time of each sale.Principal Amount:$1,000 per note. References in this pricing supplement to a “note” are to a note with a principal amount of $1,000.Pricing Date:June 17, 2026.*Issue Date:July 20, 2026.*Stated Maturity Date:August 20, 2027.* The notes are subject to redemption by Wells Fargo Finance LLC prior to the stated maturity date as set forth belowunder “Optional Redemption.” The notes are not subject to repayment at the option of any holder of the notes prior to the statedmaturity date.Payment at Maturity:Unless redeemed prior to stated maturity by Wells Fargo Finance LLC, a holder will be entitled to receive on the stated maturity date acash payment in U.S. dollars equal to $1,000 per note, plus any accrued and unpaid interest.Interest Payment Dates:July 20, 2027 and on the stated maturity date, unless earlier redeemed.*Interest Period: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.Interest Rate:4.27% per annum. See “Description of Notes—Interest and Principal Payments” and “—Fixed Rate Notes” in the prospectussupplement for a discussion of the manner in which interest on the notes will be calculated, accrued and paid. Notwithstandinganything to the contrary in the accompanying prospectus supplement, interest on the notes will be computed for each interest period onthe basis of a 360-day year and the actual number of days in such interest period.Optional Redemption:The notes are redeemable by Wells Fargo Finance LLC, in whole but not in part, on the optional redemption dates, at 100% of theirprincipal amount plus accrued and unpaid interest to, but excluding, the redemption date. Wells Fargo Finance LLC will give notice tothe holders of the notes at least 5 days and not more than 30 days prior to the date fixed for redemption in the manner described in theaccompanying prospectus supplement under “Description of Notes—Redemption and Repayment.”Optional Redemption Dates:Monthly on the 20thday of each month, commencing January 20, 2027 and ending July 20, 2027*.Listing:The notes will not be listed on any securities exchange or automated quotation system.Denominations:$1,000 and any integral multiples of $1,000CUSIP Number:95001HKZ3* 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 and stated 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 Considerations” on page PRS-3 herein and “Risk Factors” beginning on page S-5 of the accompanying prospectus supplement. The notes are the unsecured obligations of Wells Fargo Finance LLC, and, accordingly, all payments are subject to credit risk. If Wells FargoFinance LLC, as issuer, and Wells Fargo & Company, as guarantor, default on their obligations, you could lose some or all of your investment. Thenotes are not savings accounts, deposits or other obligations of a depository institution and are not insured by the Federal Deposit InsuranceCorporation, the Deposit Insurance Fund or an