8-KExhibits & Filings

WELLS FARGO & COMPANY/MN 8-K Report, Exhibit Filing (May 4, 2016)

Filed May 4, 2016For Securities:WFCWFC-PDWFC-PCWFC-PYWFC-PAWFC-PLWFCNPWFC-PZ

Summary

This 8-K filing from Wells Fargo & Company (WFC), filed on May 4, 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." This filing includes the form of these notes and related legal opinions, as required by SEC regulations. Investors should note that these are structured products with a principal amount that is at risk, directly tied to the performance of the S&P 500® Index. The "Principal at Risk" nature of these securities means that investors could lose a portion or all of their principal investment if the S&P 500® Index performs unfavorably. The filing does not detail the specific terms, coupon rates, or maturity dates of these notes, but it does provide the legal framework and documentation for their issuance. Investors interested in these specific notes should refer to the detailed terms outlined within the filed exhibits.

Key Highlights

  • 1Wells Fargo & Company issued new "Medium-Term Notes, Series K, Principal at Risk Securities Linked to the S&P 500® Index" on May 4, 2016.
  • 2These notes are structured products where the principal amount is at risk, contingent on the performance of the S&P 500® Index.
  • 3The filing includes the form of these specific Medium-Term Notes as an exhibit.
  • 4Legal opinions from Faegre Baker Daniels LLP regarding these notes are also filed with the SEC.
  • 5The company has provided its consent to the use of the legal opinion.
  • 6This filing is associated with a Registration Statement on Form S-3 (File No. 333-202840).
  • 7The primary purpose of this 8-K is to make these issuance documents publicly available.

Frequently Asked Questions

Principal at Risk Securities are investment products where the investor may lose some or all of their initial investment (principal) depending on the performance of an underlying asset or index. In this case, the performance of the S&P 500® Index directly affects the principal repayment.

The specific details, including terms, conditions, coupon rates, and maturity dates, are typically found within the full documentation of the "Form of Medium-Term Notes, Series K, Principal at Risk Securities Linked to the S&P 500® Index," which is filed as Exhibit 4.1 in this 8-K filing. Investors would need to review this exhibit for comprehensive information.

This filing is related to the issuance of specific debt-like structured products called Medium-Term Notes. These are not traditional stocks (equity) but rather a form of note where the return and principal repayment are linked to the performance of an index, carrying specific risks.

The legal opinion from Faegre Baker Daniels LLP likely provides assurance regarding the legality and compliance of the issued notes with relevant securities laws and regulations. It helps confirm that the offering and the terms of the notes are legally sound.