Summary
Wells Fargo & Company filed an 8-K on August 23, 2016, to report the issuance of Medium-Term Notes, Series K, Principal at Risk Securities Linked to the S&P 500® Index. This filing primarily serves to provide the associated documentation for these structured notes, including the form of the Note itself and a legal opinion from Faegre Baker Daniels LLP. These notes are designed to offer investors exposure to the performance of the S&P 500® Index with a principal-at-risk feature, meaning investors could lose principal if the index performance is unfavorable. The disclosure is important for investors considering these specific securities. It clarifies the nature of the investment, which is tied to a major market index but carries the risk of principal loss. The inclusion of the legal opinion suggests a thorough review of the offering's compliance and structure. Investors interested in these Notes should carefully review the provided form of the Note to understand the specific terms, payout structures, and risk factors associated with their investment.
Key Highlights
- 1Wells Fargo issued Medium-Term Notes, Series K, Principal at Risk Securities Linked to the S&P 500® Index.
- 2The issuance is documented via a Form 8-K filed on August 23, 2016.
- 3The Notes are linked to the performance of the S&P 500® Index.
- 4These securities carry a 'Principal at Risk' feature, indicating potential loss of invested principal.
- 5The filing includes the form of the Note and a legal opinion from Faegre Baker Daniels LLP.
- 6This filing is related to a previously filed Registration Statement on Form S-3 (File No. 333-202840).