8-KExhibits & Filings

WELLS FARGO & COMPANY/MN 8-K Report, Exhibit Filing (Jun 29, 2012)

Filed June 29, 2012For Securities:WFCWFC-PDWFC-PCWFC-PYWFC-PAWFC-PLWFCNPWFC-PZ

Summary

This Form 8-K filing from Wells Fargo & Company (WFC), filed on June 29, 2012, primarily serves to disclose information related to the issuance of new debt securities. Specifically, the company issued Medium-Term Notes, Series K, with two tranches: one due in 2027 and another linked to 3-Month LIBOR due in 2015. The filing includes the forms of these notes, as well as legal opinions from external counsel regarding the issuance. For investors, this report signifies a capital-raising activity by Wells Fargo. The issuance of medium-term notes indicates the company's ongoing need for funding and its strategy to manage its debt structure. Investors interested in the company's debt profile or seeking fixed-income investment opportunities should review the details of these notes, particularly their maturity dates and the implications of the LIBOR linkage for the shorter-term notes.

Key Highlights

  • 1Wells Fargo & Company issued new Medium-Term Notes, Series K.
  • 2The issuance includes notes with maturities of June 29, 2027, and June 29, 2015.
  • 3A portion of the notes issued are explicitly linked to 3-Month LIBOR.
  • 4The filing includes the official forms of the issued notes.
  • 5Legal opinions from Faegre Baker Daniels LLP and Sullivan & Cromwell LLP regarding the notes are included.
  • 6This filing is part of a Registration Statement on Form S-3 (File No. 333-180728).

Frequently Asked Questions

The primary purpose of this 8-K filing is to publicly disclose the issuance of Wells Fargo's Medium-Term Notes, Series K, and to provide the related documentation, including the forms of the notes and legal opinions, in accordance with SEC regulations.

Wells Fargo issued two types of Medium-Term Notes, Series K: Notes due June 29, 2027, and Notes Linked to 3 Month LIBOR due June 29, 2015.

For investors holding notes linked to 3-Month LIBOR, the interest payments will fluctuate based on the changes in the London Interbank Offered Rate (LIBOR). This means the yield on these notes is not fixed and will adjust periodically according to LIBOR's movements, introducing interest rate risk.

More detailed information about these specific notes can be found within the exhibits attached to this Form 8-K filing, including the forms of the Notes (Exhibits 4.1 and 4.2) and the legal opinions (Exhibits 5.1 and 8.1).