8-KExhibits & Filings

WELLS FARGO & COMPANY/MN 8-K Report, Exhibit Filing (Sep 11, 2014)

Filed September 11, 2014For Securities:WFCWFC-PDWFC-PCWFC-PYWFC-PAWFC-PLWFCNPWFC-PZ

Summary

This Form 8-K filing by Wells Fargo & Company (WFC) on September 11, 2014, pertains to the issuance of new financial instruments, specifically Medium-Term Notes, Series K, 8% Equity Linked Securities due August 28, 2015. These securities are linked to the common stock of Archer-Daniels-Midland Company (ADM). The filing's primary purpose is to provide investors with the necessary documentation regarding this new debt issuance. Investors should note that this filing does not contain significant financial performance updates or operational changes. Instead, it focuses on the legal and structural aspects of a specific, complex financial product. The included exhibits provide the form of the note, legal opinions on the notes from external counsel (Faegre Baker Daniels LLP), and tax counsel (Davis Polk & Wardwell LLP), along with their consents. This information is crucial for understanding the terms, risks, and legal standing of these equity-linked securities.

Key Highlights

  • 1Wells Fargo & Company (WFC) issued Medium-Term Notes, Series K, 8% Equity Linked Securities.
  • 2The Notes have a maturity date of August 28, 2015.
  • 3These securities are linked to the performance of Archer-Daniels-Midland Company (ADM) common stock.
  • 4The filing provides the official form of these Medium-Term Notes.
  • 5Legal opinions from Faegre Baker Daniels LLP concerning the Notes are included.
  • 6Tax counsel, Davis Polk & Wardwell LLP, has also provided a legal opinion regarding the Notes.
  • 7Consents from both legal firms are attached as exhibits to the filing.

Frequently Asked Questions

The primary purpose of this 8-K filing is to formally register and provide supporting documentation for the issuance of Wells Fargo's Medium-Term Notes, Series K, 8% Equity Linked Securities due August 28, 2015, which are linked to the common stock of Archer-Daniels-Midland Company (ADM).

The key features are that they are Medium-Term Notes, Series K, with an 8% coupon rate, a maturity date of August 28, 2015, and their value or payout is linked to the performance of Archer-Daniels-Midland Company's common stock.

No, this filing does not provide an update on Wells Fargo's overall financial performance. It is specifically focused on the issuance details and legal documentation of a particular structured financial product (equity-linked securities).

The filing indicates that Faegre Baker Daniels LLP provided legal opinions on the Notes, and Davis Polk & Wardwell LLP, Wells Fargo's special tax counsel, also provided a legal opinion on the Notes. Both firms have provided their consents as exhibits.