8-KExhibits & Filings

WELLS FARGO & COMPANY/MN 8-K Report, Exhibit Filing (Nov 29, 2013)

Filed November 29, 2013For Securities:WFCWFC-PDWFC-PCWFC-PYWFC-PAWFC-PLWFCNPWFC-PZ

Summary

This Form 8-K filing by Wells Fargo & Company on November 29, 2013, primarily serves to disclose the issuance of new debt securities: Medium-Term Notes, Series K, Notes Linked to 3 Month LIBOR due November 29, 2023. The report's purpose is to file the related documentation with the SEC, including the form of the note itself and legal opinions from Faegre Baker Daniels LLP and Sullivan & Cromwell LLP concerning the notes and tax implications, respectively. For investors, this filing indicates that Wells Fargo actively manages its capital structure by issuing new debt. The specific details of the "Notes Linked to 3 Month LIBOR" are important for bondholders, as they outline the terms, maturity, and interest rate mechanism (tied to LIBOR). Investors should review these documents to understand the risk and return profile of these particular notes and their implications for Wells Fargo's overall debt obligations.

Key Highlights

  • 1Wells Fargo & Company issued Medium-Term Notes, Series K, with a maturity date of November 29, 2023.
  • 2The Notes are linked to the 3 Month LIBOR (London Interbank Offered Rate) for interest rate determination.
  • 3The filing includes the official form of the Medium-Term Notes, Series K.
  • 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, concerning the Notes have been filed.
  • 6This filing is in connection with a Registration Statement on Form S-3 previously filed by Wells Fargo.
  • 7The event date for this report is November 28, 2013, with the filing date on November 29, 2013.

Frequently Asked Questions

The primary purpose of this 8-K filing is to officially disclose and submit the documentation related to the issuance of Wells Fargo's new debt securities, specifically the Medium-Term Notes, Series K, Notes Linked to 3 Month LIBOR due November 29, 2023. This includes the form of the note and supporting legal opinions.

The newly issued Notes are part of Wells Fargo's Medium-Term Notes, Series K program. They mature on November 29, 2023, and their interest payments are linked to the 3 Month LIBOR rate.

The legal opinions from Faegre Baker Daniels LLP and Sullivan & Cromwell LLP are included to provide assurance regarding the validity and legal standing of the issued Notes, and for tax counsel's opinion, to clarify the tax implications for investors holding these securities.

No, this 8-K filing is primarily a disclosure of debt issuance and related documentation. It does not contain information about Wells Fargo's financial performance, operating results, or strategic shifts. It confirms the company's ongoing debt management activities.