Thank you for considering Wells Fargo Securities for your State of California municipal bond needs.

This announcement is neither an offer to sell nor a solicitation of an offer to buy these securities. The offering of these securities is made only by the official statement. Each investor should read the entire Preliminary Official Statement prior to making any investment decisions with regard to issues referenced in the upcoming sales calendar below.  For a more complete description of the securities, please access the Preliminary Official Statement at the link provided below.

Upcoming sales

Proposed new issue – book entry only Expected ratings Priority order period for retail investors expected to be held on: Preliminary official statement

$2,300,000,000
State of California
Various Purpose General Obligation Bonds

Aa3/AA-/AA
Wednesday, September 4th
Read the preliminary official statement.

More information

If you have a brokerage account with Wells Fargo Advisors, contact your financial advisor or find an office near you: Wells Fargo Advisors.

If you do not have a brokerage account with Wells Fargo Advisors and would like more information on this sale, call Wells Fargo Securities at 1-866-287-3221.