Summary
Wells Fargo & Company (WFC) filed an 8-K on December 7, 2011, to report on the issuance of several tranches of Medium-Term Notes, Series K. These notes are structured to be linked to different investment indices, including the Dow Jones Industrial AverageSM, a Domestic ETF Basket, and the iShares® MSCI Emerging Markets Index Fund. The filing's primary purpose is to provide investors with the official documentation and legal opinions related to these note issuances, which were also filed in connection with a previously submitted Form S-3 registration statement. This filing does not contain material financial results or significant business updates for Wells Fargo itself. Instead, it focuses on the terms and legal confirmations of these specific debt securities offered to the market. Investors interested in these particular notes should refer to the filed exhibits for detailed information on their structure, performance metrics, maturity dates, and associated legal and tax opinions provided by Faegre & Benson LLP and Sullivan & Cromwell LLP.
Key Highlights
- 1Wells Fargo issued Medium-Term Notes, Series K, with various investment linkers.
- 2Notes are linked to the Dow Jones Industrial AverageSM (due June 7, 2018).
- 3Notes are linked to a Domestic ETF Basket (due June 5, 2015).
- 4Notes are linked to the iShares® MSCI Emerging Markets Index Fund (due June 5, 2015).
- 5The filing includes the forms of these notes as exhibits.
- 6Legal opinions from Faegre & Benson LLP and Sullivan & Cromwell LLP regarding the notes are filed.
- 7This report is primarily for informational and legal documentation purposes regarding the debt offerings.