8-KExhibits & Filings

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

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

Summary

Wells Fargo & Company (WFC) filed a Form 8-K on October 30, 2015, to report on the issuance of new Medium-Term Notes, Series K. These notes are structured as "Principal at Risk Securities" linked to the Russell 2000® Index and the S&P 500® Index, with maturity dates in 2021 and 2020, respectively. Additionally, a separate tranche of Notes due in 2030 was issued. This filing is primarily for informational purposes, providing investors with the forms of these new debt instruments and an accompanying legal opinion from Faegre Baker Daniels LLP. The "Principal at Risk" nature of the indexed notes suggests that the repayment of principal may be subject to the performance of the underlying stock indices, a detail that investors should carefully consider.

Key Highlights

  • 1Wells Fargo issued new Medium-Term Notes, Series K on October 29, 2015.
  • 2The notes include "Principal at Risk Securities" linked to the Russell 2000® Index (due 2021) and S&P 500® Index (due 2020).
  • 3A third type of note, due October 30, 2030, was also issued.
  • 4The filing provides the specific forms of these new debt instruments.
  • 5A legal opinion from Faegre Baker Daniels LLP regarding the notes is included as an exhibit.
  • 6This 8-K filing is primarily to disclose the documentation for these debt issuances, not to announce financial results or significant operational changes.

Frequently Asked Questions

The main purpose of this 8-K filing is to officially document and disclose the forms of new Medium-Term Notes, Series K, issued by Wells Fargo & Company. It also includes a legal opinion related to these notes.

'Principal at Risk Securities' typically means that the repayment of the principal amount invested is not guaranteed and may be reduced or lost entirely depending on the performance of the underlying index (in this case, the Russell 2000® or S&P 500® Index).

While the filing details specific tranches of Medium-Term Notes, Series K, including indexed 'Principal at Risk' notes, Wells Fargo regularly issues various types of debt instruments. This filing pertains to specific issuances made on or around October 29-30, 2015.

The specific terms and conditions of these notes are detailed within the forms of the notes themselves, which are filed as exhibits to this 8-K report. Investors would need to review these exhibits for precise details on payouts, risks, and maturity.