8-KExhibits & Filings

WELLS FARGO & COMPANY/MN 8-K Report, Exhibit Filing (Sep 14, 2016)

Filed September 14, 2016For Securities:WFCWFC-PDWFC-PCWFC-PYWFC-PAWFC-PLWFCNPWFC-PZ

Summary

This Form 8-K filing by Wells Fargo & Company on September 14, 2016, primarily serves to disclose the issuance of new financial instruments. Specifically, the company announced the creation and terms of Medium-Term Notes, Series K, Principal at Risk Securities Linked to the iShares® MSCI EAFE ETF, with a maturity date of March 14, 2018. For investors, this filing indicates the introduction of a new debt-like security whose performance is tied to a specific exchange-traded fund. The "Principal at Risk" designation is crucial, suggesting that the return of the principal amount invested may be subject to certain conditions or market performance, adding a layer of complexity and potential risk beyond traditional fixed-income investments. The filing includes the form of the Note itself and a legal opinion from Faegre Baker Daniels LLP regarding these securities.

Key Highlights

  • 1Wells Fargo & Company issued new financial instruments: Medium-Term Notes, Series K, Principal at Risk Securities.
  • 2These notes are linked to the performance of the iShares® MSCI EAFE ETF.
  • 3The maturity date for these notes is March 14, 2018.
  • 4The "Principal at Risk" feature suggests potential for principal loss depending on market conditions.
  • 5The filing includes the official form of the Note as an exhibit.
  • 6A legal opinion from Faegre Baker Daniels LLP regarding the notes is also filed as an exhibit.

Frequently Asked Questions

These are debt securities issued by Wells Fargo with a maturity date of March 14, 2018. Their performance and potential principal repayment are linked to the iShares® MSCI EAFE ETF.

The "Principal at Risk" designation indicates that investors could lose a portion or all of their principal investment if the underlying iShares® MSCI EAFE ETF does not perform favorably by the maturity date. The specific conditions for principal loss are detailed within the form of the Note.

This 8-K is being filed to officially disclose the details and terms of these newly issued financial instruments, specifically providing the form of the Note and a legal opinion, as required by securities regulations.

Faegre Baker Daniels LLP is a law firm, and their opinion is included to provide legal assurance regarding the issuance and structure of these Medium-Term Notes. Their consent is also filed, confirming their authorization to be named in the filing.