8-KExhibits & Filings

WELLS FARGO & COMPANY/MN 8-K Report, Exhibit Filing (Sep 20, 2016)

Filed September 20, 2016For Securities:WFCWFC-PDWFC-PCWFC-PYWFC-PAWFC-PLWFCNPWFC-PZ

Summary

This 8-K filing from Wells Fargo & Company (WFC) on September 20, 2016, primarily serves to disclose the issuance of new financial products and related documentation. Specifically, the company is announcing the issuance of Medium-Term Notes, Series K, Principal at Risk Securities Linked to the S&P® Banks Select IndustryTM Index. This type of security is designed to offer investors a potential return tied to the performance of a specific index, in this case, an index focused on the banking sector. Investors should note that these are "Principal at Risk" securities, meaning there is a possibility of losing a portion or all of their principal investment if the linked index performs unfavorably. The filing includes the form of these notes and a legal opinion from Faegre Baker Daniels LLP, along with their consent. This report is less about significant operational or financial changes and more about the introduction of specific debt instruments.

Key Highlights

  • 1Wells Fargo & Company (WFC) announced the issuance of Medium-Term Notes, Series K.
  • 2These notes are "Principal at Risk" securities.
  • 3The performance of the notes is linked to the S&P® Banks Select IndustryTM Index.
  • 4The filing includes the form of the Medium-Term Notes.
  • 5A legal opinion from Faegre Baker Daniels LLP regarding the notes is also filed.
  • 6The company's consent to the use of Faegre Baker Daniels LLP's opinion is provided.
  • 7This 8-K filing relates to a Registration Statement on Form S-3 previously filed by WFC.

Frequently Asked Questions

These are debt securities with a maturity typically between 1 and 30 years. The "Principal at Risk" designation means that the investor could lose some or all of their initial investment if the underlying index or asset performs poorly. The return on these notes is often linked to the performance of a specific market index, such as the S&P® Banks Select IndustryTM Index mentioned in this filing.

This is a stock market index that tracks the performance of companies within the banking sector. It is designed to represent the performance of publicly traded companies engaged in various banking activities.

Filing the form of the Note provides investors with the specific terms and conditions of the security they may be considering. The legal opinion from Faegre Baker Daniels LLP confirms the legality and validity of the notes and related matters, offering a layer of assurance regarding the offering's structure.

No, this particular 8-K filing does not report any significant financial events, changes in management, or material adverse events. It is primarily a disclosure related to the issuance of specific investment products, which is common for financial institutions.