Summary
Wells Fargo & Company (WFC) filed an 8-K on August 5, 2011, to disclose information related to the issuance of various Medium-Term Notes, Series K. These notes are linked to different investment indices and baskets, including the S&P 500®, iShares® MSCI Emerging Markets Index Fund, a Global ETF Basket, iShares® MSCI EAFE Index Fund, Dow Jones – UBS Commodity IndexSM, iShares® Dow Jones U.S. Real Estate Index Fund, and a Commodity Basket. The filing primarily serves to make public the forms of these notes, along with legal opinions from Faegre & Benson LLP and Sullivan & Cromwell regarding their issuance. This filing is in connection with a previously filed Registration Statement on Form S-3. For investors, this report signifies WFC's activity in the debt markets and the introduction of structured financial products tied to specific market indices.
Key Highlights
- 1Wells Fargo & Company (WFC) issued multiple series of Medium-Term Notes, Series K, on or around August 5, 2011.
- 2These notes are structured products with returns linked to various indices and baskets, including equity, emerging markets, global ETFs, commodities, and real estate.
- 3Specific indices referenced include S&P 500®, iShares® MSCI Emerging Markets, Global ETF Basket, iShares® MSCI EAFE, Dow Jones – UBS Commodity IndexSM, iShares® Dow Jones U.S. Real Estate, and a Commodity Basket.
- 4Maturity dates for these notes range from February 2015 to February 2018.
- 5The filing includes the forms of these Medium-Term Notes as exhibits.
- 6Legal opinions from Faegre & Benson LLP and Sullivan & Cromwell regarding the notes are also filed.
- 7This filing is related to a Registration Statement on Form S-3 previously filed by Wells Fargo.