Summary
This Form 8-K filing by Wells Fargo & Company on January 31, 2011, primarily concerns the issuance of new debt securities. Specifically, the company is filing documentation related to two series of Medium-Term Notes, Series K. These include notes linked to the S&P 500® Index with a maturity in January 2015, and floating rate notes linked to 3 Month LIBOR with a maturity in January 2021.
Key Highlights
- 1Wells Fargo & Company issued new Medium-Term Notes, Series K.
- 2Two types of notes were issued: S&P 500® Index-linked notes and 3 Month LIBOR-linked floating rate notes.
- 3The S&P 500® Index-linked notes mature on January 30, 2015.
- 4The Floating Rate Notes linked to 3 Month LIBOR mature on January 31, 2021.
- 5The filing includes the forms of these notes as exhibits.
- 6Legal opinions from Faegre & Benson, LLP and Sullivan & Cromwell, LLP regarding the notes are also filed.
- 7This filing is related to a Registration Statement on Form S-3 previously filed by the company.
Frequently Asked Questions
The main purpose of this 8-K filing is to officially report and provide supporting documentation for the issuance of two series of Medium-Term Notes by Wells Fargo & Company.
Wells Fargo issued two types of debt: Medium-Term Notes, Series K, Notes Linked to the S&P 500® Index due January 30, 2015, and Medium-Term Notes, Series K, Floating Rate Notes Linked to 3 Month LIBOR due January 31, 2021.
The filing includes legal opinions from Faegre & Benson, LLP, and Sullivan & Cromwell, LLP (special tax counsel) regarding the newly issued Medium-Term Notes.
Yes, this filing is related to a Registration Statement on Form S-3 (File No. 333-159738) that Wells Fargo & Company had previously filed with the SEC.