8-KExhibits & Filings

WELLS FARGO & COMPANY/MN 8-K Report, Exhibit Filing (Nov 18, 2014)

Filed November 18, 2014For Securities:WFCWFC-PDWFC-PCWFC-PYWFC-PAWFC-PLWFCNPWFC-PZ

Summary

This 8-K filing from Wells Fargo & Company (WFC), dated November 18, 2014, announces the issuance of new financial instruments: Medium-Term Notes, Series K, Principal at Risk Securities Linked to the iShares® MSCI Emerging Markets ETF. These notes represent a debt issuance with a structure that ties the principal repayment to the performance of a specific exchange-traded fund that tracks emerging market equities. For investors, this filing is important as it signifies an expansion of Wells Fargo's product offerings in structured notes. The inclusion of legal and tax opinions from Faegre Baker Daniels LLP and Davis Polk & Wardwell LLP, respectively, suggests a thorough review of the securities' compliance and tax implications. Investors considering these notes should carefully examine the terms and conditions, particularly the 'principal at risk' feature, which implies potential loss of principal if the linked ETF underperforms.

Key Highlights

  • 1Wells Fargo & Company issued new Medium-Term Notes, Series K.
  • 2These notes are Principal at Risk Securities.
  • 3The performance of the notes is linked to the iShares® MSCI Emerging Markets ETF.
  • 4The filing includes the form of the note, indicating specific terms and conditions.
  • 5Legal opinions from Faegre Baker Daniels LLP and tax opinions from Davis Polk & Wardwell LLP are provided.
  • 6This issuance represents a structured product offering from Wells Fargo.

Frequently Asked Questions

Principal at Risk Securities are investment products where the amount of principal returned to the investor at maturity is dependent on the performance of an underlying asset or index. If the underlying asset or index performs poorly, investors may lose a portion or all of their principal investment.

The iShares® MSCI Emerging Markets ETF is an exchange-traded fund that aims to track the performance of the MSCI Emerging Markets Index. This index comprises large- and mid-cap equities across emerging market countries, offering investors exposure to these economies.

The legal opinions from Faegre Baker Daniels LLP and tax opinions from Davis Polk & Wardwell LLP provide assurance regarding the structure, legality, and tax treatment of these Notes. Investors can review these opinions for further details on regulatory compliance and potential tax implications.

The detailed terms and conditions of these Medium-Term Notes, Series K, Principal at Risk Securities Linked to the iShares® MSCI Emerging Markets ETF can be found in Exhibit 4.1, titled 'Form of Medium-Term Notes, Series K, Principal at Risk Securities Linked to the iShares® MSCI Emerging Markets ETF', filed as part of this 8-K report.