What are Callable Notes Linked to the S&P 500 Index®?

These are debt securities issued by Wells Fargo where the return, and potentially the principal repayment, is linked to the performance of the S&P 500 Index®. The 'callable' feature means that Wells Fargo may have the right to redeem (call back) these notes before their maturity date, likely under certain conditions or at specific times.

Why is the consent of a tax counsel included in this filing?

The consent of Faegre & Benson LLP, the special tax counsel, is included to permit the use of their name in the prospectus supplement. This is a standard practice when the legal opinion or advice of counsel on tax matters is referenced in offering documents, assuring investors that the tax information has been reviewed by qualified professionals.

What is the significance of these notes being linked to the S&P 500 Index®?

For investors, this means the performance of their investment is tied to the broad stock market represented by the S&P 500. If the index performs well, the notes may offer a higher return. Conversely, if the index declines, the notes could yield less or even lose value, depending on the specific terms of the note.

Where can I find more details about the terms and conditions of these notes?

The most detailed information would be found within the 'Form of Callable Note Linked to the S&P 500 Index® due December 7, 2011' exhibit filed with this 8-K. Investors should carefully review this document, along with the related prospectus supplement, for specifics on principal repayment, interest payments, call provisions, and risk factors.

WELLS FARGO & COMPANY/MN 8-K SEC Disclosure

Summary

This 8-K filing by Wells Fargo & Company on December 7, 2004, primarily serves to disclose the issuance of new financial instruments. Specifically, the company announced the issuance of Callable Notes Linked to the S&P 500 Index® maturing on December 7, 2011. The filing includes the form of these notes as an exhibit, providing investors with details on the structure and terms of this debt offering. Additionally, the report includes the consent of Faegre & Benson LLP, identified as Wells Fargo's special tax counsel. This consent is in relation to the use of their name within the prospectus supplement concerning the United States Federal Income Tax Consequences of these new notes. This information is relevant for investors evaluating the tax implications and the legal framework surrounding these S&P 500 Index®-linked notes.

Key Highlights

1Wells Fargo & Company issued Callable Notes Linked to the S&P 500 Index® on December 7, 2004.
2These notes have a maturity date of December 7, 2011.
3The filing includes the specific form of the Callable Note as an exhibit.
4The company also filed the consent of its special tax counsel, Faegre & Benson LLP.
5The tax counsel's consent pertains to their name being used in the prospectus supplement regarding U.S. federal income tax consequences.
6This filing is related to a Registration Statement on Form S-3 previously filed by Wells Fargo.

WELLS FARGO & COMPANY/MN 8-K Report, Exhibit Filing (Dec 7, 2004)

Summary

Key Highlights

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