Summary
Wells Fargo & Company filed an 8-K on March 28, 2016, to report the issuance of Medium-Term Notes, Series K, Principal at Risk Securities Linked to the Russell 2000® Index. These notes are due on March 24, 2022. The filing primarily serves to provide the official documentation for this new debt issuance, including the form of the note itself and a legal opinion from Faegre Baker Daniels LLP. For investors, this 8-K signifies a new capital-raising activity by Wells Fargo. The "Principal at Risk" structure of these notes suggests they may offer higher potential returns but also carry a risk of principal loss tied to the performance of the Russell 2000® Index. Investors interested in this specific note issuance should review the detailed terms and conditions of the Notes and understand the associated risks before making any investment decisions.
Key Highlights
- 1Wells Fargo & Company issued Medium-Term Notes, Series K on March 28, 2016.
- 2The notes are Principal at Risk Securities, linked to the Russell 2000® Index.
- 3The maturity date for these notes is March 24, 2022.
- 4The purpose of the 8-K filing is to provide the form of the note and a legal opinion.
- 5Faegre Baker Daniels LLP provided the legal opinion regarding the notes.
- 6The filing is related to a Registration Statement on Form S-3 previously filed by Wells Fargo.