Summary
Wells Fargo & Company filed an 8-K on December 22, 2011, to report the issuance of Medium-Term Notes, Series K, which are linked to the iShares® MSCI EAFE Index Fund and mature on December 23, 2013. This filing primarily serves to provide investors with the official documentation related to this new debt issuance. The key components being filed include the form of the Note itself, legal opinions from Faegre & Benson LLP, and tax opinions from Sullivan & Cromwell LLP, Wells Fargo's special tax counsel. For investors, this 8-K indicates that Wells Fargo is actively managing its capital structure and accessing the debt markets. The specific nature of these notes, being linked to an international equity index (iShares® MSCI EAFE Index Fund), suggests a strategy to diversify funding sources or potentially offer structured products. Investors should review the underlying documentation to understand the terms, risks, and potential returns associated with these specific notes.
Key Highlights
- 1Wells Fargo & Company issued Medium-Term Notes, Series K, on December 21, 2011.
- 2The Notes are linked to the iShares® MSCI EAFE Index Fund.
- 3The maturity date for these Notes is December 23, 2013.
- 4The filing provides the form of the Medium-Term Notes, Series K.
- 5Legal opinions from Faegre & Benson LLP regarding the Notes are included.
- 6Tax opinions from Sullivan & Cromwell LLP, Wells Fargo's special tax counsel, are also provided.
- 7This filing is associated with a Registration Statement on Form S-3 (File No. 333-159738).