Summary
This Form 8-K filing by Wells Fargo & Company (WFC) on January 29, 2014, primarily serves to disclose the issuance of new financial instruments. Specifically, the company has issued Medium-Term Notes, Series K, with principal at risk, linked to the Russell 2000® Index, maturing on January 29, 2016. The filing is procedural, focusing on the submission of supporting documentation for this note issuance. Investors will find attached the form of the note itself, legal opinions from Faegre Baker Daniels LLP concerning the notes, and tax opinions from Sullivan & Cromwell LLP, WFC's special tax counsel. This report is a technical disclosure regarding a specific debt issuance and does not contain material financial performance updates or strategic announcements.
Key Highlights
- 1Wells Fargo & Company (WFC) announced the issuance of Medium-Term Notes, Series K.
- 2These notes are structured as "Principal at Risk Securities".
- 3The performance of these notes is linked to the Russell 2000® Index.
- 4The maturity date for these notes is January 29, 2016.
- 5The filing includes the form of the note, legal opinions, and tax opinions from external counsel.
- 6This 8-K filing is related to a Registration Statement on Form S-3 previously filed by WFC.
- 7The primary purpose of this filing is to provide supporting documentation for the note issuance.