8-KExhibits & Filings

WELLS FARGO & COMPANY/MN 8-K Report, Exhibit Filing (Mar 22, 2016)

Filed March 22, 2016For Securities:WFCWFC-PDWFC-PCWFC-PYWFC-PAWFC-PLWFCNPWFC-PZ

Summary

This 8-K filing from Wells Fargo & Company (WFC), filed on March 22, 2016, primarily serves to disclose the issuance of new financial instruments. Specifically, the company has issued "Medium-Term Notes, Series K, Principal at Risk Securities Linked to the S&P 500® Index." These are structured products where the return and principal repayment are linked to the performance of the S&P 500 index. The filing includes the form of these Notes and an accompanying legal opinion from Faegre Baker Daniels LLP. This disclosure is important for investors to understand the nature of these specific debt securities, including the potential risks associated with principal loss depending on the performance of the underlying index. Investors considering these notes should carefully review the terms and conditions outlined in the filed documentation.

Key Highlights

  • 1Wells Fargo & Company (WFC) issued "Medium-Term Notes, Series K, Principal at Risk Securities Linked to the S&P 500® Index" on March 21, 2016.
  • 2The return and principal of these notes are tied to the performance of the S&P 500® Index.
  • 3The filing provides the form of the Note for investor review.
  • 4A legal opinion from Faegre Baker Daniels LLP regarding the Notes is included as an exhibit.
  • 5The company also filed the consent of Faegre Baker Daniels LLP.
  • 6This 8-K is being filed in connection with a Registration Statement on Form S-3.
  • 7Investors should understand the 'Principal at Risk' nature of these securities, implying potential loss of principal.

Frequently Asked Questions

Wells Fargo issued "Medium-Term Notes, Series K, Principal at Risk Securities Linked to the S&P 500® Index."

It means that the investor could lose some or all of their principal investment depending on the performance of the S&P 500® Index. The return and repayment of the principal are linked to the index's performance.

The detailed terms and conditions of these notes are available in the 'Form of Medium-Term Notes, Series K, Principal at Risk Securities Linked to the S&P 500® Index' filed as an exhibit to this 8-K report.

The legal opinion from Faegre Baker Daniels LLP likely provides assurance or analysis regarding the legality, structure, or compliance of the issued Notes. It is a standard exhibit for certain financial instrument issuances.