Summary
Wells Fargo & Company filed a Form 8-K on May 9, 2014, primarily to disclose the issuance of new debt securities: Medium-Term Notes, Series K, Notes Linked to the 10-Year Constant Maturity Swap Rate due May 9, 2021. This filing is a procedural step to register these notes with the SEC, accompanying a previously filed Registration Statement on Form S-3. The report includes the form of the notes themselves and legal opinions from external counsel regarding their issuance and tax implications.
Key Highlights
- 1Disclosure of new debt issuance: Wells Fargo issued Medium-Term Notes, Series K, linked to the 10-Year Constant Maturity Swap Rate.
- 2Maturity date of new debt: The notes are due on May 9, 2021.
- 3Filing purpose: To provide the SEC with the necessary documentation for the new debt issuance, including the note form and legal opinions.
- 4Related registration statement: The filing is associated with a prior Form S-3 registration statement (File No. 333-180728).
- 5Inclusion of legal opinions: The report contains opinions from Faegre Baker Daniels LLP and Davis Polk & Wardwell LLP.
- 6Tax counsel opinion: Davis Polk & Wardwell LLP provided a special tax counsel opinion on the notes.