8-KExhibits & Filings

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

Filed April 8, 2016For Securities:WFCWFC-PDWFC-PCWFC-PYWFC-PAWFC-PLWFCNPWFC-PZ

Summary

This Form 8-K filing from Wells Fargo & Company (WFC) on April 8, 2016, primarily concerns the issuance of new financial instruments. Specifically, the company is disclosing the form of its "Medium-Term Notes, Series K, Principal at Risk Securities Linked to the S&P 500® Index". This filing serves to make these documents publicly available as part of a previously filed Registration Statement on Form S-3. For investors, this filing is important because it relates to new debt-like instruments with embedded derivatives tied to the performance of the S&P 500 index. The "Principal at Risk" nature of these securities indicates that investors could lose a portion or all of their principal investment if the S&P 500 does not perform favorably. The filing also includes the legal opinion from Faegre Baker Daniels LLP regarding these notes, which provides an independent assessment of certain legal aspects of the securities.

Key Highlights

  • 1Wells Fargo & Company issued new "Medium-Term Notes, Series K, Principal at Risk Securities Linked to the S&P 500® Index" on April 7, 2016.
  • 2The filing is made in connection with a Registration Statement on Form S-3 previously filed with the SEC.
  • 3The "Principal at Risk" feature means investors' principal is subject to potential loss based on S&P 500 performance.
  • 4The purpose of the 8-K is to file the form of the Note and a legal opinion regarding the Notes.
  • 5The legal opinion is provided by Faegre Baker Daniels LLP.
  • 6This filing pertains to the disclosure of specific investment products offered by the company.

Frequently Asked Questions

These are financial instruments, in this case Medium-Term Notes, where the investor's principal amount is not fully protected. The return of principal is contingent on the performance of an underlying asset, which for these notes is the S&P 500® Index. If the index performance is poor, investors may lose a portion or all of their initial investment.

Wells Fargo is filing this Form 8-K to publicly disclose the official documentation (the form of the Note) and a related legal opinion from Faegre Baker Daniels LLP for the newly issued "Medium-Term Notes, Series K, Principal at Risk Securities Linked to the S&P 500® Index". This is a regulatory requirement when issuing new securities.

No, this filing does not directly indicate a change in the company's overall financial health or strategy. It is a disclosure related to a specific product offering, the issuance of new investment securities, rather than a report on the company's operational performance or significant corporate events.

The Registration Statement on Form S-3 is a document filed with the SEC that allows well-known seasoned issuers like Wells Fargo to register securities for future public sale. This 8-K filing is providing specific details and exhibits related to a particular issuance under that broader registration framework.