8-KExhibits & Filings

WELLS FARGO & COMPANY/MN 8-K Report, Exhibit Filing (Jun 7, 2011)

Filed June 7, 2011For Securities:WFCWFC-PDWFC-PCWFC-PYWFC-PAWFC-PLWFCNPWFC-PZ

Summary

This Form 8-K filing by Wells Fargo & Company/MN (WFC) on June 7, 2011, primarily serves to report the issuance of several series of Medium-Term Notes, Series K. These notes are linked to various market indices, including the iShares® Dow Jones U.S. Real Estate Index Fund, a Global ETF Basket, and the Dow Jones – UBS Commodity IndexSM. The filing includes the forms of these notes, as well as legal opinions from Faegre & Benson LLP and Sullivan & Cromwell LLP concerning the notes. For investors, this filing indicates that Wells Fargo is actively managing its capital structure and diversifying its funding sources through the issuance of these structured notes. The specific indices linked to these notes suggest the company is leveraging investor interest in different market segments. While the filing itself does not detail the financial terms or performance of these notes, it represents a standard disclosure for debt issuance and the associated legal documentation.

Key Highlights

  • 1Wells Fargo & Company issued Medium-Term Notes, Series K, on or around June 6, 2011.
  • 2The notes are linked to specific market indices: iShares® Dow Jones U.S. Real Estate Index Fund, a Global ETF Basket, and the Dow Jones – UBS Commodity IndexSM.
  • 3Maturity dates for the issued notes vary, ranging from June 6, 2014, to June 7, 2017.
  • 4The filing includes the forms of the respective notes as exhibits.
  • 5Legal opinions from Faegre & Benson LLP and Sullivan & Cromwell LLP regarding the notes are provided.
  • 6This filing is made in conjunction with a Registration Statement on Form S-3 previously filed by Wells Fargo.

Frequently Asked Questions

Medium-Term Notes, Series K, are a form of debt issued by Wells Fargo. The company issues these notes as part of its ongoing capital management and funding strategies. The 'Series K' designation likely refers to a specific series of notes offered under Wells Fargo's medium-term note program. The specific indices they are linked to suggest Wells Fargo is engaging with investors interested in these particular market segments.

When notes are 'linked' to an index, their performance, and potentially the repayment of principal or interest, is tied to the performance of that specific index (e.g., the Dow Jones – UBS Commodity IndexSM). This means investors' returns will depend on how the underlying index performs over the life of the note, which can offer different risk and return profiles compared to traditional fixed-rate or floating-rate debt.

This Form 8-K filing primarily contains the legal documentation and forms of the notes, not the detailed pricing or financial terms. For specific details regarding interest rates, coupon structures, payment calculations, risks, and other financial terms, investors would typically need to refer to the accompanying prospectus or offering memorandum associated with the Registration Statement on Form S-3 (File No. 333-159738) mentioned in the filing, or any subsequent offering documents.

The legal opinions from Faegre & Benson LLP and Sullivan & Cromwell LLP provide assurance regarding the legality, validity, and enforceability of the issued notes. They confirm that the notes have been issued in accordance with applicable laws and regulations, which is a standard requirement for debt offerings and provides comfort to investors regarding the robustness of the issuance.