Summary
This Form 8-K filing from Wells Fargo & Company on June 18, 2013, primarily serves to disclose the issuance of new financial instruments: Medium-Term Notes, Series K, which are linked to two specific exchange-traded funds (ETFs). These notes, due to mature on June 18, 2015, are tied to the performance of the iShares® MSCI EAFE Index Fund and the SPDR® S&P 500® ETF Trust. The filing itself does not contain detailed financial performance data but instead focuses on the official documentation related to these note issuances. For investors, this filing signifies that Wells Fargo is continuing to diversify its funding sources through the issuance of structured debt products. The inclusion of legal and tax opinions from Faegre Baker Daniels LLP and Sullivan & Cromwell LLP underscores the regulatory and legal aspects of these offerings. Investors interested in these specific notes should review the associated documentation, including the forms of the notes and the legal opinions, to understand the terms, risks, and potential returns associated with these investments.
Key Highlights
- 1Wells Fargo & Company issued Medium-Term Notes, Series K, due June 18, 2015.
- 2The notes are linked to the performance of the iShares® MSCI EAFE Index Fund.
- 3The notes are also linked to the performance of the SPDR® S&P 500® ETF Trust.
- 4This filing is primarily to provide the forms of the notes and related legal opinions.
- 5The filing includes opinions from Faegre Baker Daniels LLP regarding the notes.
- 6The filing includes opinions from Sullivan & Cromwell LLP (special tax counsel) regarding the notes.