8-KExhibits & Filings

WELLS FARGO & COMPANY/MN 8-K Report, Exhibit Filing (Sep 8, 2009)

Filed September 8, 2009For Securities:WFCWFC-PDWFC-PCWFC-PYWFC-PAWFC-PLWFCNPWFC-PZ

Summary

This Wells Fargo & Company (WFC) 8-K filing from September 8, 2009, primarily serves to disclose the issuance of its Notes Linked to the S&P 500® Index due September 9, 2013. The report's main purpose is to provide investors with the necessary documentation, including the form of the Note itself, and legal opinions from counsel regarding its structure and tax implications. While this filing does not contain broad financial performance updates, it signifies a specific capital markets activity by Wells Fargo. Investors should note that this issuance relates to a structured financial product, and understanding the terms and risks associated with these S&P 500® Index linked notes would be crucial for any potential investor in this particular security.

Key Highlights

  • 1Wells Fargo & Company (WFC) announced the issuance of Notes Linked to the S&P 500® Index.
  • 2The Notes are due to mature on September 9, 2013.
  • 3This filing is primarily for the disclosure of the Note's form and related legal opinions.
  • 4The report includes the form of the Note as an exhibit.
  • 5Legal opinions from Mary E. Schaffner, Esq. and Sullivan & Cromwell LLP (special tax counsel) are provided.
  • 6Consents from the legal counsel are also included as exhibits.

Frequently Asked Questions

The primary purpose of this 8-K filing is to formally disclose the issuance of Wells Fargo's Notes Linked to the S&P 500® Index due September 9, 2013, and to provide the associated documentation, including the form of the Note and legal opinions from counsel.

Wells Fargo issued 'Notes Linked to the S&P 500® Index.' This indicates a structured financial product whose return or value is tied to the performance of the S&P 500® stock market index.

No, this specific 8-K filing does not contain detailed financial results or operational performance updates for Wells Fargo & Company. Its focus is on the issuance of a specific debt instrument and its accompanying legal documentation.

The value and return of these notes are directly dependent on the performance of the S&P 500® index. If the index declines, investors could lose principal. Specific risks would be detailed in the full terms of the Note, which is an exhibit to this filing, and would include market risk, credit risk of Wells Fargo, and potential lack of liquidity.