Exhibit 8.1
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Davis Polk & Wardwell LLP 450 Lexington Avenue New York, NY 10017 | 212 450 4000 tel 212 701 5800 fax | |||
May 16, 2014
Wells Fargo & Company,
420 Montgomery Street,
San Francisco, California 94104
Ladies and Gentlemen:
We have acted as special tax counsel to Wells Fargo & Company, a Delaware corporation (the “Company”), in connection with the issuance of $7,000,000 aggregate principal amount of Medium-Term Notes, Series K, Notes Linked to the 30-Year Constant Maturity Swap Rate due May 16, 2024, as described in the Company’s Pricing Supplement No. 431 dated May 13, 2014 (“Pricing Supplement 431”) to the Prospectus Supplement dated April 13, 2012 and the Prospectus dated April 13, 2012 contained in the Registration Statement on Form S-3, File No. 333-180728 (the “Registration Statement”). We hereby confirm our opinion as set forth under the heading “United States Federal Tax Considerations” in Pricing Supplement 431.
We hereby consent to the reference to us under the heading “United States Federal Tax Considerations” in Pricing Supplement 431 and to the filing of this opinion as an exhibit to a Current Report on Form 8-K of the Company filed with the Securities and Exchange Commission and thereby incorporated by reference into the Company’s Registration Statement. In giving such consent, we do not admit that we are within the category of persons whose consent is required under Section 7 of the Securities Act of 1933, as amended.
Very truly yours,
| /s/ Davis Polk & Wardwell LLP |
| Davis Polk & Wardwell LLP |