8-KExhibits & Filings

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

Filed December 8, 2015For Securities:WFCWFC-PDWFC-PCWFC-PYWFC-PAWFC-PLWFCNPWFC-PZ

Summary

This Form 8-K filing from Wells Fargo & Company on December 8, 2015, primarily serves to disclose the issuance of new financial instruments: Medium-Term Notes, Series K, Principal at Risk Securities Linked to the S&P 500® Index. These notes represent a specific type of debt instrument where the principal repayment is contingent on the performance of the S&P 500® Index. The filing includes the form of these notes and a legal opinion from Faegre Baker Daniels LLP regarding their structure and terms. Investors should note that the 'Principal at Risk' designation is crucial, indicating that the principal amount may be reduced if the linked index performs unfavorably. This filing is supplementary to a Registration Statement on Form S-3 previously filed by Wells Fargo.

Key Highlights

  • 1Wells Fargo & Company issued new Medium-Term Notes, Series K.
  • 2These notes are 'Principal at Risk Securities' linked to the S&P 500® Index.
  • 3The filing includes the form of the note for investor review.
  • 4A legal opinion from Faegre Baker Daniels LLP concerning the notes is provided.
  • 5This 8-K filing is related to a broader Registration Statement on Form S-3.

Frequently Asked Questions

Principal at Risk Securities are investment products where the return of the principal amount invested is not guaranteed and may be reduced or eliminated based on the performance of an underlying asset or index, in this case, the S&P 500® Index.

The performance of the S&P 500® Index will directly impact the principal repayment of these notes. If the index performs poorly, investors may lose a portion or all of their principal.

Wells Fargo is filing these documents to comply with regulatory requirements for disclosing new debt issuances, particularly those with unique structures like Principal at Risk Securities. This filing provides transparency to investors and the market about the terms of these notes.

The filing includes the 'Form of Medium-Term Notes, Series K, Principal at Risk Securities Linked to the S&P 500® Index' as Exhibit 4.1, which contains the specific terms and conditions. Investors should also consult the related Registration Statement on Form S-3 (File No. 333-202840) for a comprehensive overview.