富国银行美股招股说明书(2026-07-16版)

Registration Nos. 333-292881 and 333-292881-01 Subject To Completion, dated July 16, 2026PRICING SUPPLEMENT No. 85 dated July, 2026(To Product Supplement No. 1 dated February 13, 2026,Prospectus Supplement dated February 13, 2026and Prospectus dated February 13, 2026) Wells Fargo Finance LLCMedium-Term Notes, Series B Fully and Unconditionally Guaranteed by Wells Fargo & CompanyEquity Linked SecuritiesMarket Linked Securities—Auto-Callable with Contingent Coupon with Principal at Risk Securities Linked to the Common Stock of Caterpillar Inc. due August 2, 2029■Linked to the common stock of Caterpillar Inc. (the “Underlier”)■Unlike ordinary debt securities, the securities do not provide for fixed payments of interest, do not repay a fixed amount of principal at stated maturity and are subject to potential automatic call prior to stated maturity upon the terms described below. Whether the securities pay acontingent coupon, whether the securities are automatically called prior to stated maturity and, if they are not automatically called, whetheryou receive the face amount of your securities at stated maturity, will depend, in each case, on the closing value of the Underlier on therelevant calculation day ■Contingent Coupon.The securities will pay a contingent coupon on a quarterly basis until the earlier of stated maturity or automatic call if,and only if, the closing value of the Underlier on the calculation day for that quarter is greater than or equal to the coupon threshold value.If the closing value of the Underlier on a calculation day is less than the coupon threshold value, you will not receive any contingent couponon the related contingent coupon payment date. However, if the closing value of the Underlier on one or more calculation days is less thanthe coupon threshold value and, on a subsequent calculation day, the closing value of the Underlier on that subsequent calculation day isgreater than or equal to the coupon threshold value, the securities will pay the contingent coupon payment due for that subsequentcalculation day plus all previously unpaid contingent coupon payments (without interest on amounts previously unpaid). If the closing valueof the Underlier is less than the coupon threshold value on every calculation day, you will not receive any contingent coupons throughoutthe entire term of the securities. The coupon threshold value is equal to 50% of the starting value. The contingent coupon rate will bedetermined on the pricing date and will be at least 11.50% per annum■Automatic Call.If the closing value of the Underlier on any of the quarterly calculation days scheduled to occur from January 2027 to April 2029, inclusive, is greater than or equal to the starting value, the securities will be automatically called for the face amount plus a finalcontingent coupon payment and any previously unpaid contingent coupon payments ■Potential Loss of Principal.If the securities are not automatically called prior to stated maturity, you will receive the face amount at statedmaturity if,and only if, the closing value of the Underlier on the final calculation day is greater than or equal to the downside thresholdvalue. If the closing value of the Underlier on the final calculation day is less than the downside threshold value, you will lose more than50%, and possibly all, of the face amount of your securities. The downside threshold value is equal to 50% of the starting value■If the securities are not automatically called prior to stated maturity, you will have full downside exposure to the Underlier from the starting value if the closing value on the final calculation day is less than the downside threshold value, but you will not participate in anyappreciation of the Underlier and will not receive any dividends on the Underlier ■All payments on the securities are subject to credit risk, and you will have no ability to pursue the Underlier for payment; if Wells FargoFinance LLC, as issuer, and Wells Fargo & Company, as guarantor, default on their obligations, you could lose some or all of yourinvestment■No exchange listing; designed to be held to maturity or automatic call Thecurrent estimated value of the securities is approximately $949.70 per security. While the estimated value of the securities at pricing maydiffer from the estimated value set forth above, we do not expect it to differ significantly absent a material change in market conditions or otherrelevant factors. In no event will the estimated value of the securities on the pricing date be less than $910.00 per security. The estimated valueof the securities was determined for us by Wells Fargo Securities, LLC using its proprietary pricing models. It is not an indication of actual profitto us or to Wells Fargo Securities, LLC or any of our other affiliates, nor is it an indication of the price, if any, at which Wells Fargo Securities,LLC or any other person may be willing to buy the securities from you at any time after issuance.