Summary
Wells Fargo & Company (WFC) filed an 8-K on June 22, 2016, to report the issuance of various Medium-Term Notes, Series K. These notes are structured as "Principal at Risk Securities" and are linked to the performance of specific equity indices, including the Russell 2000®, S&P 500®, EURO STOXX 50®, and MSCI EAFE® Index. The filing primarily serves to disclose the forms of these notes and an accompanying legal opinion from Faegre Baker Daniels LLP, as part of a related Registration Statement on Form S-3.
Key Highlights
- 1Wells Fargo issued new "Medium-Term Notes, Series K" on June 21, 2016.
- 2These notes are classified as "Principal at Risk Securities", meaning investors could lose a portion or all of their principal.
- 3The performance of these notes is directly linked to the performance of various well-known equity indices, including the Russell 2000®, S&P 500®, EURO STOXX 50®, and MSCI EAFE®.
- 4The filing includes specific maturity dates for these notes, ranging from June 2022 to June 2031.
- 5The purpose of the 8-K filing is to provide the specific forms of these notes and a legal opinion from Faegre Baker Daniels LLP.
- 6This issuance is part of a broader Registration Statement on Form S-3 filed by Wells Fargo.