8-KExhibits & Filings

WELLS FARGO & COMPANY/MN 8-K Report, Exhibit Filing (Jan 30, 2015)

Filed January 30, 2015For Securities:WFCWFC-PDWFC-PCWFC-PYWFC-PAWFC-PLWFCNPWFC-PZ

Summary

This Form 8-K filing from Wells Fargo & Company (WFC) on January 30, 2015, primarily concerns the issuance of new financial instruments. Specifically, the company is filing the details of its Medium-Term Notes, Series K, Principal at Risk Securities Linked to the Dow Jones Industrial AverageSM, with a maturity date of January 30, 2020. This filing is made in connection with a previously filed Registration Statement on Form S-3. Investors should note that this report does not contain financial results or material business updates, but rather the formal documentation for a new debt-like security tied to market performance.

Key Highlights

  • 1Wells Fargo issued new Medium-Term Notes, Series K, Principal at Risk Securities.
  • 2These securities are linked to the performance of the Dow Jones Industrial AverageSM.
  • 3The maturity date for these Notes is January 30, 2020.
  • 4The filing includes the form of the Note itself as an exhibit.
  • 5Legal opinions from Faegre Baker Daniels LLP and Davis Polk & Wardwell LLP regarding the Notes are included as exhibits.
  • 6This filing is in support of a Registration Statement on Form S-3 previously filed by Wells Fargo.

Frequently Asked Questions

These are debt-like securities issued by Wells Fargo with a principal amount that is at risk, meaning the repayment of principal may depend on the performance of an underlying asset, in this case, the Dow Jones Industrial AverageSM. They mature on January 30, 2020.

No, this Form 8-K filing is specifically to report the issuance of new financial instruments and the associated legal documentation. It does not contain financial results, operational updates, or management commentary on the company's performance.

The linkage means that the return and potentially the principal repayment of these notes are tied to how the Dow Jones Industrial Average performs. Investors in these notes are essentially betting on the upward movement of this index.

The filing includes an opinion from Faegre Baker Daniels LLP regarding the Notes, and an opinion from Davis Polk & Wardwell LLP, Wells Fargo's special tax counsel, regarding the Notes. These provide legal and tax clarifications related to the issuance.