Summary
Wells Fargo & Company (WFC) filed an 8-K on May 21, 2015, to report the issuance of two series of Medium-Term Notes, Series K. These notes were issued on May 20, 2015, and include debt instruments linked to the 10-Year Constant Maturity Swap Rate maturing in May 2027, and principal-at-risk securities tied to the S&P 500 Index. This filing primarily serves to provide investors and the public with the official documentation for these new debt offerings.
Key Highlights
- 1Wells Fargo issued Medium-Term Notes, Series K, on May 20, 2015.
- 2The issuance includes notes linked to the 10-Year Constant Maturity Swap Rate, with a maturity date of May 21, 2027.
- 3Another series of notes issued are Principal at Risk Securities linked to the S&P 500® Index.
- 4The 8-K filing includes the forms of these two specific note issuances as exhibits.
- 5The filing also includes the legal opinion from Faegre Baker Daniels LLP regarding these notes.
- 6This filing is in connection with a Registration Statement on Form S-3 previously filed by Wells Fargo.
Frequently Asked Questions
The primary purpose of this 8-K filing is to formally report and provide documentation for the issuance of two new series of Medium-Term Notes, Series K, by Wells Fargo & Company.
Wells Fargo issued two types of notes: (i) Notes Linked to the 10-Year Constant Maturity Swap Rate due May 21, 2027, and (ii) Principal at Risk Securities Linked to the S&P 500® Index.
The detailed terms and structure of these notes are provided as exhibits within this 8-K filing, including the form of each note and a legal opinion from Faegre Baker Daniels LLP.
Yes, this filing is made in connection with a Registration Statement on Form S-3 (File No. 333-202840) that Wells Fargo & Company had previously filed with the SEC.