8-KExhibits & Filings

WELLS FARGO & COMPANY/MN 8-K Report, Exhibit Filing (Aug 5, 2011)

Filed August 5, 2011For Securities:WFCWFC-PDWFC-PCWFC-PYWFC-PAWFC-PLWFCNPWFC-PZ

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.

Frequently Asked Questions

The primary purpose of this 8-K filing is to publicly disclose the forms of various Medium-Term Notes, Series K, that Wells Fargo & Company issued. It also includes legal opinions from external counsel regarding these notes, as required for such issuances in connection with their registration statement.

Wells Fargo issued structured financial products known as Medium-Term Notes, Series K. The returns on these notes are linked to the performance of specific market indices and investment baskets, such as equity indices (S&P 500, MSCI EAFE), emerging markets, commodity indices, real estate indices, and diversified ETF baskets.

No, these notes are not direct investments in the underlying indices. They are debt securities issued by Wells Fargo, and their performance is linked to the returns of the specified indices. Investors are exposed to the credit risk of Wells Fargo in addition to the market performance of the linked indices.

The legal opinions from Faegre & Benson LLP and Sullivan & Cromwell provide assurance on the legality and validity of the issuance of these notes. They are standard practice for new debt offerings and are crucial for regulatory compliance and investor confidence.