Summary
This August 21, 2012, 8-K filing from Wells Fargo & Company (WFC) primarily serves to disclose the issuance of new debt instruments. Specifically, the company is reporting on Medium-Term Notes, Series K, linked to the S&P 500® Index, with a maturity date of February 23, 2015. For investors, this filing indicates Wells Fargo's continued activity in the debt markets to raise capital. The inclusion of legal and tax opinions from external counsel, Faegre Baker Daniels LLP and Sullivan & Cromwell LLP respectively, suggests a thorough review process for these notes, providing a level of assurance regarding their legal and tax implications. Investors holding or considering these notes should review the referenced exhibits for specific terms and conditions.
Key Highlights
- 1Wells Fargo & Company issued Medium-Term Notes, Series K, linked to the S&P 500® Index.
- 2The notes have a maturity date of February 23, 2015.
- 3This filing is in connection with a Registration Statement on Form S-3.
- 4The filing includes the form of the Notes as an exhibit.
- 5Legal opinions from Faegre Baker Daniels LLP regarding the Notes are filed.
- 6Tax opinions from Sullivan & Cromwell LLP, Wells Fargo's special tax counsel, are filed.
- 7Consents from both legal counsel are also included as exhibits.