Filed Pursuant to Rule 433 Registration Statement No. 333-262557 Dated July 28, 2022

Hypothetical Returns

If the Securities are automatically called:

If the Securities are not automatically called:

The above figures are for purposes of illustration only and may have been rounded for ease of analysis. The actual amount you will receive upon an automatic call or at maturity and the resulting pre-tax rate of return will depend on (i) whether the Securities are automatically called; (ii) if the Securities are automatically called, the actual Call Premium and the actual Call Date on which the Securities are called; (iii) if the Securities are not automatically called, the actual Final Level of the Lowest Performing Reference Asset; and (iv) whether you hold your Securities to maturity or earlier automatic call. The performance of the better performing Reference Assets is not relevant to your return on the Securities.

Call Dates and Call Premiums

The actual Call Premium and Payment per Security upon an automatic call that is applicable to each Call Date will be determined on the Pricing Date and will be at least the minimum specified in the foregoing table. The last Call Date is the Final Valuation Date, and payment upon an automatic call on the Final Valuation Date, if applicable, will be made on the Maturity Date.

*This is also the Final Valuation Date.

How the Payment at Maturity is Calculated

If the Securities are not automatically called on any Call Date (including the Final Valuation Date), on the Maturity Date, we will pay a cash payment per Security equal to:

Principal Amount of $1,000.

Principal Amount + (Principal Amount × Percentage Change of the Lowest Performing Reference Asset on the Final Valuation Date)

If the Securities are not automatically called and the Final Level of the Lowest Performing Reference Asset is less than its Downside Threshold Level, investors will have full downside exposure to the decrease in the level of the Lowest Performing Reference Asset from its Initial Level and will lose more than 40.00%, and possibly all, of the Principal Amount. Specifically, investors will lose 1% of the Principal Amount for each 1% decrease in the level of the Lowest Performing Reference Asset from its Initial Level to its Final Level and may lose all of the Principal Amount. Any positive return on the Securities will be limited to the applicable Call Premium.

Historical Performance of the Reference Assets

Dow Jones Industrial Average^® (INDU)

Nasdaq-100 Index^® (NDX)

Russell 2000^® Index (RTY)

We obtained the information regarding the historical performance of the Reference Assets used in calculating the graphs above from Bloomberg^® Professional service (“Bloomberg”). We have not conducted any independent review or due diligence of publicly available information obtained from Bloomberg. The historical performance of the Reference Assets should not be taken as an indication of their future performance, and no assurance can be given as to the Closing Level of any Reference Asset on any day. We cannot give you assurance that the performance of the Reference Assets will result in any positive return on your initial investment and cannot give any assurance as to which Reference Asset will be the Lowest Performing Reference Asset as of any Call Date.

We have filed a registration statement (including a prospectus), a product supplement and a pricing supplement with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents that we have filed with the SEC for more complete information about us and this offering. You may get those documents for free by visiting EDGAR on the SEC website www.sec.gov.  Alternatively, we, TD Securities (USA) LLC or Wells Fargo Securities will arrange to send you the prospectus if you request it by calling toll-free at 1-855-303-3234.

Selected Risk Considerations

The risks set forth below are discussed in detail in the “Additional Risk Factors” section in the accompanying preliminary pricing supplement, the “Additional Risk Factors Specific to the Notes” section in the product supplement and the “Risk Factors” section in the prospectus.  Please review those risk disclosures carefully.

Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLC, members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company.

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