Summary
Wells Fargo & Company filed an 8-K report on April 27, 2016, to disclose the issuance of new financial instruments. Specifically, the company issued Medium-Term Notes, Series K, Principal at Risk Securities. These notes are linked to the performance of a basket of indices and ETFs, including the S&P 500® Index, the SPDR® S&P MidCap 400® ETF Trust, and the iShares® MSCI EAFE ETF, with a maturity date of April 28, 2022. This filing is primarily for informational purposes, providing investors with the official documentation related to these new debt securities. The key documents filed include the form of the Note itself and a legal opinion from Faegre Baker Daniels LLP concerning these securities. Investors interested in the specific terms, risks, and structures of these notes should refer to the filed exhibits.
Key Highlights
- 1Wells Fargo issued Medium-Term Notes, Series K, Principal at Risk Securities on April 26, 2016.
- 2The notes are linked to the performance of the S&P 500® Index, SPDR® S&P MidCap 400® ETF Trust, and iShares® MSCI EAFE ETF.
- 3The maturity date for these notes is April 28, 2022.
- 4The filing is made in connection with a Registration Statement on Form S-3.
- 5Key exhibits filed include the form of the Note and a legal opinion from Faegre Baker Daniels LLP.
- 6The 'Principal at Risk' nature of the securities indicates that the principal amount may be subject to loss based on the performance of the underlying assets.