Summary
Wells Fargo & Company (WFC) filed a Form 8-K on March 31, 2014, primarily to disclose the issuance of two new series of Medium-Term Notes. These notes, designated as Series K, include "Principal at Risk Securities" linked to the S&P 500 Index due in 2019 and standard "Notes" due in 2024. This filing does not contain new financial results or significant operational updates but rather serves as a regulatory notification regarding these debt issuances. Investors should note that these are structured notes, and the "Principal at Risk Securities" have a specific risk profile tied to the performance of the S&P 500 Index.
Key Highlights
- 1Wells Fargo issued new Medium-Term Notes, Series K, on March 31, 2014.
- 2Two specific note series were issued: Principal at Risk Securities Linked to the S&P 500® Index due March 29, 2019.
- 3The second note series is simply Notes due March 28, 2024.
- 4The filing is a notification under Item 9.01 (Financial Statements and Exhibits) of Form 8-K.
- 5The purpose of the filing is to include the forms of these Notes and legal opinions regarding them.
- 6Legal opinions from Faegre Baker Daniels LLP and Davis Polk & Wardwell LLP (special tax counsel) are included as exhibits.
- 7This report is related to a prior Registration Statement on Form S-3 (File No. 333-180728).