Summary
This 8-K filing from Wells Fargo & Company, filed on June 22, 2015, primarily serves to report the issuance of new financial instruments. Specifically, the company has issued Medium-Term Notes, Series K, Principal at Risk Securities Linked to the Russell 2000® Index, with a maturity date of December 21, 2016. This filing is notable for its inclusion of the form of these specific notes and a legal opinion from Faegre Baker Daniels LLP regarding them. Investors interested in the details of these structured notes, particularly their principal-at-risk nature and their linkage to the Russell 2000® Index, will find the accompanying exhibits to be the key information source.
Key Highlights
- 1Wells Fargo & Company issued Medium-Term Notes, Series K, Principal at Risk Securities.
- 2These notes are linked to the performance of the Russell 2000® Index.
- 3The maturity date for these notes is December 21, 2016.
- 4The filing includes the specific form of the Notes (Exhibit 4.1).
- 5A legal opinion from Faegre Baker Daniels LLP regarding the Notes is provided (Exhibit 5.1).
- 6The consent of Faegre Baker Daniels LLP is also included as part of the filing.
Frequently Asked Questions
The primary purpose of this 8-K filing is to report the issuance of new financial instruments: Medium-Term Notes, Series K, Principal at Risk Securities Linked to the Russell 2000® Index, and to provide the relevant documentation, including the form of the notes and a legal opinion.
'Principal at Risk Securities' indicates that the principal amount invested may be lost, in whole or in part, depending on the performance of the linked index (the Russell 2000® Index in this case). Investors should carefully review the terms of the notes to understand the specific conditions under which principal loss can occur.
Detailed information about these new notes can be found in the exhibits filed with this 8-K report, specifically Exhibit 4.1 (Form of Medium-Term Notes) and Exhibit 5.1 (Opinion of Faegre Baker Daniels LLP).
This filing relates to a specific structured product, the Medium-Term Notes, Series K, Principal at Risk Securities Linked to the Russell 2000® Index, rather than a general debt offering. The linkage to a specific index and the 'principal at risk' feature are characteristic of structured products.