8-KExhibits & Filings

WELLS FARGO & COMPANY/MN 8-K Report, Exhibit Filing (Jul 2, 2013)

Filed July 2, 2013For Securities:WFCWFC-PDWFC-PCWFC-PYWFC-PAWFC-PLWFCNPWFC-PZ

Summary

This Form 8-K filing by Wells Fargo & Company on July 2, 2013, primarily serves to report the issuance of new debt securities and to file related documentation. Specifically, the company has issued "Medium-Term Notes, Series K," which are structured products linked to either the S&P 500® Index or a Global ETF Basket, both with a maturity date of July 8, 2020. These issuances are part of a broader Registration Statement on Form S-3 previously filed with the SEC. The filing does not contain significant financial results or operational updates. Instead, it focuses on the legal and structural aspects of these debt offerings. Investors should note that the Notes are derivative instruments whose performance is tied to external market indices, meaning their value and payout will depend on the performance of the S&P 500 or the specified ETF basket. This type of security carries different risks than traditional bonds.

Key Highlights

  • 1Wells Fargo issued new Medium-Term Notes, Series K, on July 1, 2013.
  • 2The Notes are structured products with a maturity date of July 8, 2020.
  • 3Two types of Notes were issued: one linked to the S&P 500® Index and another linked to a Global ETF Basket.
  • 4This filing is primarily for reporting the forms of these Notes and related legal opinions.
  • 5The issuance is associated with a previously filed Registration Statement on Form S-3 (File No. 333-180728).
  • 6Legal opinions from Faegre Baker Daniels LLP and Sullivan & Cromwell LLP regarding the Notes are included as exhibits.

Frequently Asked Questions

The Medium-Term Notes, Series K, are debt securities issued by Wells Fargo & Company. These specific notes are structured products whose returns are linked to the performance of an external benchmark, either the S&P 500® Index or a basket of Global ETFs. They have a maturity date of July 8, 2020.

The primary purpose of this 8-K filing is to formally report the issuance of the Medium-Term Notes, Series K, and to provide the necessary supporting documentation, including the forms of the Notes themselves and legal opinions from external counsel regarding their structure and tax implications.

No, these are not traditional bonds. They are described as "Notes Linked to" specific indices or baskets. This indicates they are derivative instruments where the repayment amount or yield is dependent on the performance of the S&P 500® Index or a Global ETF Basket, making them subject to market risk beyond standard interest rate fluctuations.

Detailed information, including the specific terms, conditions, risks, and structure of these Notes, can be found in the exhibits filed with this Form 8-K. These include the "Form of Medium-Term Notes, Series K" and the legal opinions from Faegre Baker Daniels LLP and Sullivan & Cromwell LLP.