8-KExhibits & Filings

WELLS FARGO & COMPANY/MN 8-K Report, Exhibit Filing (Aug 19, 2016)

Filed August 19, 2016For Securities:WFCWFC-PDWFC-PCWFC-PYWFC-PAWFC-PLWFCNPWFC-PZ

Summary

This filing from Wells Fargo & Company (WFC) on August 19, 2016, primarily serves to provide documentation related to the issuance of new debt securities. Specifically, it details two types of Medium-Term Notes, Series K, which are "Principal at Risk Securities" linked to the S&P 500® Index. These notes have varying maturity dates, including one specifically due November 19, 2018. For investors, this report signifies the company's ongoing strategy to raise capital through structured financial products. While not providing direct financial performance updates, the filing includes the forms of these specific note issuances and the legal opinion from Faegre Baker Daniels LLP, confirming the legality and structure of these financial instruments. Investors interested in WFC's capital markets activities or the specifics of these structured notes will find the exhibits of primary interest.

Key Highlights

  • 1Wells Fargo & Company issued new Medium-Term Notes, Series K.
  • 2These notes are classified as "Principal at Risk Securities".
  • 3The performance of these notes is linked to the S&P 500® Index.
  • 4Two specific note series are mentioned: one general, and one due November 19, 2018.
  • 5The filing includes the forms of these notes as exhibits.
  • 6A legal opinion from Faegre Baker Daniels LLP regarding the notes is filed.
  • 7The filing is made in connection with a Registration Statement on Form S-3.

Frequently Asked Questions

The primary purpose of this filing is to publicly disclose the forms of two specific issuances of Medium-Term Notes, Series K, which are 'Principal at Risk Securities' linked to the S&P 500® Index, and the associated legal opinion from Faegre Baker Daniels LLP. This is often done to fulfill regulatory requirements when specific securities are issued.

For 'Principal at Risk Securities,' the return of the investor's principal investment is not guaranteed. The amount of principal returned to the investor is dependent on the performance of the underlying asset, in this case, the S&P 500® Index. If the index performs poorly, investors could lose a portion or all of their principal investment.

No, this specific 8-K filing does not provide information on Wells Fargo's overall financial performance, earnings, or profitability. It is focused solely on the documentation and legal aspects of a particular debt issuance.

The detailed terms and conditions of these Medium-Term Notes, Series K, would be found within the forms of the notes themselves, which are included as Exhibits 4.1 and 4.2 to this 8-K filing. Investors should review these exhibits carefully.