8-KExhibits & Filings

WELLS FARGO & COMPANY/MN 8-K Report, Exhibit Filing (Dec 3, 2015)

Filed December 3, 2015For Securities:WFCWFC-PDWFC-PCWFC-PYWFC-PAWFC-PLWFCNPWFC-PZ

Summary

Wells Fargo & Company filed an 8-K on December 3, 2015, primarily to disclose the issuance of new financial instruments. Specifically, the company issued Medium-Term Notes, Series K, Principal at Risk Securities Linked to the iShares® Russell 1000 ETF due December 5, 2018. This filing is in connection with a previously filed Registration Statement on Form S-3. The primary purpose of this report is to make publicly available the form of these specific notes and the legal opinion from Faegre Baker Daniels LLP concerning them. While the filing itself does not detail the financial performance or strategic implications of this issuance, it serves as a regulatory requirement for disclosing these types of debt securities and their associated legal documentation to investors and the market.

Key Highlights

  • 1Wells Fargo & Company disclosed the issuance of Medium-Term Notes, Series K, Principal at Risk Securities.
  • 2These notes are linked to the iShares® Russell 1000 ETF.
  • 3The maturity date for these notes is December 5, 2018.
  • 4This filing is associated with a Registration Statement on Form S-3 (File No. 333-202840).
  • 5The filing includes the form of the Note as an exhibit.
  • 6A legal opinion from Faegre Baker Daniels LLP regarding the Notes is also filed as an exhibit.
  • 7The consent of Faegre Baker Daniels LLP is provided as part of the legal opinion exhibit.

Frequently Asked Questions

The primary purpose of this 8-K filing is to officially disclose the issuance of new financial instruments, specifically Medium-Term Notes, Series K, Principal at Risk Securities Linked to the iShares® Russell 1000 ETF, and to file the related documentation, including the form of the note and a legal opinion, as required by the SEC.

These are debt securities where the return of principal may be subject to certain conditions or risks, often tied to the performance of an underlying asset, index, or benchmark, in this case, the iShares® Russell 1000 ETF. Investors should carefully review the terms of the note to understand the specific conditions under which principal repayment could be at risk.

The iShares® Russell 1000 ETF is an exchange-traded fund that aims to track the performance of the Russell 1000 Index. This index represents approximately 1000 of the largest U.S. companies, providing a broad measure of large-cap U.S. equities.

The specific terms and conditions of these Medium-Term Notes, Series K, are detailed in Exhibit 4.1 ('Form of Medium-Term Notes, Series K, Principal at Risk Securities Linked to the iShares® Russell 1000 ETF due December 5, 2018') filed with this 8-K report. Investors should also consult the associated Registration Statement on Form S-3 for further details.