8-KExhibits & Filings

WELLS FARGO & COMPANY/MN 8-K Report, Exhibit Filing (Oct 17, 2013)

Filed October 17, 2013For Securities:WFCWFC-PDWFC-PCWFC-PYWFC-PAWFC-PLWFCNPWFC-PZ

Summary

This 8-K filing by Wells Fargo & Company on October 17, 2013, primarily serves to formally report the issuance of new financial instruments. Specifically, it details the creation and filing of the terms for "Medium-Term Notes, Series K, Securities Linked to the iShares® U.S. Real Estate ETF with Periodic Interest due October 19, 2016." This filing includes the actual form of the note, legal opinions from Faegre Baker Daniels LLP, and tax opinions from Sullivan & Cromwell LLP, along with their respective consents. For investors, this filing signifies an expansion of Wells Fargo's debt issuance offerings, specifically targeting exposure to the U.S. real estate market via an ETF. While the filing itself does not provide financial performance data or immediate strategic decisions, it represents the structured product side of Wells Fargo's business and its ongoing capital markets activities. Investors interested in real estate-linked debt instruments or Wells Fargo's broader financing strategies may find this informative.

Key Highlights

  • 1Wells Fargo & Company issued Medium-Term Notes, Series K, linked to the iShares® U.S. Real Estate ETF.
  • 2The Notes have periodic interest payments and a maturity date of October 19, 2016.
  • 3This filing includes the official form of the debt security.
  • 4Legal opinions from Faegre Baker Daniels LLP regarding the Notes have been filed.
  • 5Tax opinions from Sullivan & Cromwell LLP, Wells Fargo's special tax counsel, have been filed.
  • 6The filing also includes consents from both legal counsel firms.
  • 7This action is related to a Registration Statement on Form S-3 previously filed by Wells Fargo.

Frequently Asked Questions

These are debt securities issued by Wells Fargo & Company with a maturity of October 19, 2016. Their performance and/or yield are linked to the iShares® U.S. Real Estate ETF, meaning their value is tied to the performance of real estate companies tracked by that ETF.

This filing indicates Wells Fargo is engaging in capital markets activities by issuing new debt instruments. These particular notes are designed to provide investors with exposure to the U.S. real estate sector through an ETF, diversifying Wells Fargo's debt offerings.

The legal and tax opinions from Faegre Baker Daniels LLP and Sullivan & Cromwell LLP, respectively, provide assurance regarding the structure, legality, and tax implications of these Notes. They are standard for new debt issuances and offer important information for potential investors and regulators.

No, this specific 8-K filing is primarily administrative. It concerns the details of a new debt issuance and related legal documentation. It does not contain information about the company's current financial results, operational performance, or strategic outlook.