8-KExhibits & Filings

WELLS FARGO & COMPANY/MN 8-K Report, Exhibit Filing (Jun 6, 2016)

Filed June 6, 2016For Securities:WFCWFC-PDWFC-PCWFC-PYWFC-PAWFC-PLWFCNPWFC-PZ

Summary

This Current Report (8-K) filed by Wells Fargo & Company on June 6, 2016, primarily serves to provide disclosure regarding the issuance of new financial instruments. Specifically, the company is filing the form of its Medium-Term Notes, Series K, Principal at Risk Securities Linked to the S&P 500® Index. This filing is made in connection with a previously filed Registration Statement on Form S-3.

Key Highlights

  • 1Wells Fargo & Company has issued new financial instruments: Medium-Term Notes, Series K, Principal at Risk Securities Linked to the S&P 500® Index.
  • 2The filing includes the official form of these Notes as an exhibit.
  • 3A legal opinion from Faegre Baker Daniels LLP regarding these Notes is also provided as an exhibit.
  • 4The issuance is related to a Registration Statement on Form S-3 previously filed with the SEC.
  • 5This 8-K filing is procedural, primarily to formally document the specifics of the newly issued Notes and related legal opinions.
  • 6The nature of the Notes as 'Principal at Risk Securities' suggests a structured product where the principal amount could be affected by the performance of the S&P 500® Index.

Frequently Asked Questions

The main purpose of this 8-K filing is to officially disclose the form of the Medium-Term Notes, Series K, Principal at Risk Securities Linked to the S&P 500® Index that Wells Fargo & Company has issued, along with a legal opinion from Faegre Baker Daniels LLP regarding these Notes.

Principal at Risk Securities are a type of structured financial product where the return is linked to an underlying asset (in this case, the S&P 500® Index), but the principal amount invested may be at risk if the performance of the underlying asset does not meet certain thresholds or conditions specified in the note's terms.

This filing primarily relates to the issuance of specific debt instruments and does not, on its own, indicate a significant shift in the company's overall strategic direction. It is a disclosure of a financing activity involving structured notes.

Investors can find the detailed terms and conditions of these Medium-Term Notes by reviewing Exhibit 4.1 (Form of Note) filed with this 8-K report. The legal opinion from Faegre Baker Daniels LLP is available as Exhibit 5.1.