8-KExhibits & Filings

WELLS FARGO & COMPANY/MN 8-K Report, Exhibit Filing (Oct 5, 2015)

Filed October 5, 2015For Securities:WFCWFC-PDWFC-PCWFC-PYWFC-PAWFC-PLWFCNPWFC-PZ

Summary

This Form 8-K filing by Wells Fargo & Company on October 5, 2015, primarily serves to disclose the terms and provide supporting documentation for the issuance of three distinct series of Medium-Term Notes, Series K. These notes include Principal at Risk Securities linked to the EURO STOXX 50® Index, Principal at Risk Securities linked to a Global ETF Basket, and Notes linked to the 10-Year Constant Maturity Swap Rate. The filing is related to a Registration Statement on Form S-3 previously filed with the SEC. For investors, this report indicates that Wells Fargo is actively engaging in the issuance of structured debt products. The 'Principal at Risk' nature of some of these notes is a critical detail, suggesting that investors could lose a portion or all of their principal investment if certain market conditions or index performance metrics are not met. Investors should carefully review the specific terms, risks, and potential returns associated with each note series before considering an investment.

Key Highlights

  • 1Wells Fargo & Company issued three series of Medium-Term Notes, Series K, on October 5, 2015.
  • 2Two of the note series are classified as 'Principal at Risk Securities', indicating potential loss of principal.
  • 3The notes are linked to specific financial instruments: the EURO STOXX 50® Index, a Global ETF Basket, and the 10-Year Constant Maturity Swap Rate.
  • 4Maturity dates for these notes range from October 2019 to October 2027.
  • 5The filing includes the forms of these notes as exhibits, providing detailed terms and conditions.
  • 6An opinion from Faegre Baker Daniels LLP regarding the legality and enforceability of the notes is also filed.
  • 7This filing is in support of a prior Registration Statement on Form S-3 (File No. 333-202840).

Frequently Asked Questions

'Principal at Risk Securities' are a type of investment where the investor's principal investment is not guaranteed. Depending on the performance of an underlying asset or index (in this case, the EURO STOXX 50® Index or a Global ETF Basket), the investor could lose a portion or all of their initial investment.

Filing the 'Form of Note' as an exhibit provides investors and regulators with the exact legal documentation and terms for each specific note issuance. This includes details on how the return is calculated, the conditions under which principal is at risk, maturity dates, and other important contractual provisions.

The mention of a Form S-3 Registration Statement indicates that Wells Fargo has registered these securities for sale to the public. Form S-3 is a simplified registration statement available to well-known seasoned issuers, allowing them to efficiently register additional securities.

Faegre Baker Daniels LLP is a law firm. Their opinion is included to provide a legal assessment of the notes, confirming their validity, enforceability, and compliance with relevant legal requirements. This offers an independent legal opinion to bolster investor confidence in the securities.