8-KExhibits & Filings

WELLS FARGO & COMPANY/MN 8-K Report, Exhibit Filing (Apr 5, 2016)

Filed April 5, 2016For Securities:WFCWFC-PDWFC-PCWFC-PYWFC-PAWFC-PLWFCNPWFC-PZ

Summary

Wells Fargo & Company filed a Form 8-K on April 5, 2016, to report the issuance of new Medium-Term Notes, Series K. These notes consist of two tranches: one linked to the S&P 500® Index with a maturity date of April 5, 2018, and another linked to 3 Month LIBOR maturing on April 5, 2019. This filing primarily serves to make the official documentation and legal opinions regarding these new debt instruments publicly available. For investors, this report indicates Wells Fargo's ongoing activity in the debt markets to fund its operations and potentially diversify its funding sources. The nature of these notes, being 'Principal at Risk Securities' for the S&P 500® linked tranche, suggests a structured product with potential for both principal loss and gains, depending on market performance. Investors considering these notes should carefully review the terms and risks associated with index-linked and LIBOR-linked debt instruments.

Key Highlights

  • 1Wells Fargo & Company issued new Medium-Term Notes, Series K on April 4, 2016.
  • 2The issuance includes two types of notes: Principal at Risk Securities Linked to the S&P 500® Index (due April 5, 2018) and Notes Linked to 3 Month LIBOR (due April 5, 2019).
  • 3The Form 8-K was filed to make the official forms of these Notes and the related legal opinion publicly available.
  • 4The S&P 500® linked notes are explicitly identified as 'Principal at Risk Securities', indicating potential for principal loss.
  • 5The filing includes the form of each Note series and the legal opinion from Faegre Baker Daniels LLP.
  • 6This event is part of Wells Fargo's broader capital markets activities.

Frequently Asked Questions

The primary purpose of this Form 8-K filing is to publicly disclose and make available the official documentation and legal opinions related to the issuance of Wells Fargo's new Medium-Term Notes, Series K, which were issued on April 4, 2016.

The new Medium-Term Notes, Series K, consist of two types: one is linked to the S&P 500® Index and matures on April 5, 2018, noted as 'Principal at Risk Securities'. The second is linked to 3 Month LIBOR and matures on April 5, 2019.

'Principal at Risk Securities' means that investors in these specific notes could lose a portion or all of their principal investment if the linked index (in this case, the S&P 500®) performs unfavorably. The exact terms of potential loss and gain would be detailed within the full prospectus or offering documents for these notes.

This filing primarily relates to the company's debt issuance activities and does not, in itself, indicate a change in financial health or overall strategy. It demonstrates Wells Fargo's ongoing engagement in debt capital markets to raise funds. Investors should refer to other SEC filings (like 10-K, 10-Q) for a comprehensive view of the company's financial performance and strategic direction.