8-KExhibits & Filings

WELLS FARGO & COMPANY/MN 8-K Report, Exhibit Filing (Dec 24, 2013)

Filed December 24, 2013For Securities:WFCWFC-PDWFC-PCWFC-PYWFC-PAWFC-PLWFCNPWFC-PZ

Summary

This Form 8-K filing by Wells Fargo & Company (WFC) on December 24, 2013, primarily serves to disclose the issuance of specific financial instruments. The company announced the creation of Medium-Term Notes, Series K, Principal at Risk Securities, which are linked to the performance of the SPDR® S&P 500® ETF Trust and are due to mature on December 22, 2016. Investors should note that this filing is not an announcement of significant financial results or strategic shifts. Instead, it focuses on the procedural aspect of filing the associated documentation for these new notes. The report includes the form of the notes themselves, along with legal opinions from Faegre Baker Daniels LLP and Sullivan & Cromwell LLP, Wells Fargo's special tax counsel, confirming aspects related to these securities.

Key Highlights

  • 1Wells Fargo & Company (WFC) issued Medium-Term Notes, Series K, Principal at Risk Securities.
  • 2The notes are linked to the performance of the SPDR® S&P 500® ETF Trust.
  • 3The maturity date for these notes is December 22, 2016.
  • 4This filing is primarily for informational purposes, providing the documentation for the note issuance.
  • 5The report includes the form of the notes and legal opinions from external counsel.
  • 6This 8-K does not contain new financial statements or material business developments, but rather filing of exhibits related to a previously registered offering.

Frequently Asked Questions

The main purpose of this 8-K filing is to officially submit the documentation related to the issuance of Wells Fargo's Medium-Term Notes, Series K, Principal at Risk Securities. This includes the form of the note, legal opinions on the notes, and consents from the legal counsel.

'Principal at Risk Securities' are a type of investment where the principal amount invested is subject to loss, often tied to the performance of an underlying asset or index. In this case, the value and potential return of the notes are linked to the SPDR® S&P 500® ETF Trust.

No, this filing does not indicate any immediate financial changes or performance issues for Wells Fargo. It is a procedural filing to record the terms and legal aspects of a specific debt instrument being issued, not a report on the company's overall financial health or operational results.

Faegre Baker Daniels LLP and Sullivan & Cromwell LLP are legal firms providing opinions and consents regarding the Medium-Term Notes. Sullivan & Cromwell LLP is identified as Wells Fargo & Company's special tax counsel for these notes.