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Wells Fargo & Company 4.70% Non-Cumulative Perpetual Class A Preferred Stock, Series AA

Can only be redeemed on dividend payment date

Ticker: WFC-A

Parent Ticker: WFC

OTC Grey Market Temporary Ticker: NA

Issuance Date: 10/21/2020

1st Call Date: 12/15/2025

Maturity Date: None

Shares Issued: 46,800,000

Overallotment Shares: 0

Coupon: 4.70%

Face Value: $25.00

Cumulative: No

Qualified: Yes

Quarterly Dividend Amount: 0.294

Payment Months: MAR, JUN, SEP, DEC

Payment Day: 15

S&P Rating: BB+

III Rating (In Regards to Dividend Safety Only): B

Moody Rating: Baa2

Fitch Rating: NR