Wells Fargo Finance LLC has filed a preliminary pricing supplement for its Medium-Term Notes, Series B, which are fully guaranteed by Wells Fargo & Company. This filing, dated November 2, 2026, is significant as it demonstrates the company's ongoing efforts to raise capital in a competitive banking environment.

The filing indicates that these notes will be linked to the performance of the Invesco QQQ Trust, providing investors with a unique investment opportunity. The notes are designed to offer upside participation while also presenting risks associated with market fluctuations.

About Wells Fargo Finance LLC

Wells Fargo Finance LLC is a subsidiary of Wells Fargo & Company, which is classified under the SIC code for national commercial banks. The company is incorporated in Delaware and has its business address at 375 Park Avenue, 4th Floor, New York, NY 10152. The firm primarily engages in financing activities and is part of a larger financial services network.

Details from the Filing

The preliminary pricing supplement outlines that the securities are fully and unconditionally guaranteed by Wells Fargo & Company. It specifies that the securities will not pay periodic interest or dividends and are subject to credit risk. The notes are intended to be held to maturity, and the maturity payment amount will depend on the performance of the underlying asset.

"The information in this preliminary pricing supplement is not complete and may be changed. This preliminary pricing supplement and the accompanying product supplement, market measure supplement, prospectus supplement, and prospectus are not an offer to sell these securities and we are not soliciting an offer to buy these securities in any jurisdiction where the offer or sale is not permitted."

Impact on Stakeholders

This offering may affect various stakeholders, including potential investors looking for exposure to market-linked securities. It also positions Wells Fargo Finance LLC competitively against other national commercial banks that may offer similar products. Investors should consider the associated risks, including the potential for significant loss of principal.

What's Next?

The filing does not specify what happens next regarding the offering. However, interested investors can expect further details as the pricing date approaches, including specific terms and conditions related to the securities.