8-KExhibits & Filings

WELLS FARGO & COMPANY/MN 8-K Report, Exhibit Filing (Apr 24, 2012)

Filed April 24, 2012For Securities:WFCWFC-PDWFC-PCWFC-PYWFC-PAWFC-PLWFCNPWFC-PZ

Summary

This Form 8-K filing by Wells Fargo & Company (WFC) on April 24, 2012, primarily serves to disclose the issuance of new Medium-Term Notes, Series K. Specifically, the company issued two types of notes: those linked to a commodity basket with a maturity in April 2017, and those linked to 3-Month LIBOR with a maturity in April 2019. This filing is important for investors as it details a specific financing activity by the company. The inclusion of the forms of these notes, along with legal opinions from Faegre Baker Daniels LLP and tax opinions from Sullivan & Cromwell LLP, provides transparency into the terms, structure, and legal standing of these debt instruments. Investors interested in WFC's debt obligations and capital-raising strategies should review these details to understand potential implications for the company's financial structure and risk profile.

Key Highlights

  • 1Wells Fargo & Company issued new Medium-Term Notes, Series K.
  • 2Two series of notes were issued: one linked to a commodity basket (maturity April 24, 2017) and another linked to 3-Month LIBOR (maturity April 24, 2019).
  • 3The filing includes the forms of these debt instruments.
  • 4Legal opinions from Faegre Baker Daniels LLP regarding the notes are provided.
  • 5Tax opinions from Sullivan & Cromwell LLP, special tax counsel, concerning the notes are included.
  • 6This filing is in connection with a previously filed Registration Statement on Form S-3.

Frequently Asked Questions

The primary purpose of this 8-K filing is to officially announce and provide details regarding the issuance of new Medium-Term Notes, Series K, by Wells Fargo & Company. It also includes the necessary legal and tax opinions related to these notes.

Wells Fargo issued two specific types of Medium-Term Notes, Series K: one series is linked to a commodity basket and matures on April 24, 2017, and the other series is linked to 3-Month LIBOR and matures on April 24, 2019.

The inclusion of legal and tax opinions from Faegre Baker Daniels LLP and Sullivan & Cromwell LLP, respectively, provides investors with assurance regarding the validity, structure, and tax implications of the issued notes. This transparency helps investors assess the risks and terms associated with these debt securities.

This filing does not explicitly state whether these notes are publicly traded. However, they are issued under a Registration Statement on Form S-3, which is typically used for the offering of securities by the registrant, suggesting they may be offered to institutional or sophisticated investors.