8-KExhibits & Filings

WELLS FARGO & COMPANY/MN 8-K Report, Exhibit Filing (Sep 23, 2016)

Filed September 23, 2016For Securities:WFCWFC-PDWFC-PCWFC-PYWFC-PAWFC-PLWFCNPWFC-PZ

Summary

Wells Fargo & Company filed an 8-K on September 23, 2016, to disclose the issuance of new financial instruments. Specifically, the company is reporting on the "Medium-Term Notes, Series K, Principal at Risk Securities Linked to the S&P 500® Index." This filing primarily serves to include the form of these notes and a legal opinion from Faegre Baker Daniels LLP concerning them, as part of a related Form S-3 registration statement. For investors, this filing indicates the introduction of a new structured product linked to the performance of the S&P 500 index. The "Principal at Risk" designation suggests that the principal amount invested could be subject to loss depending on the index's performance, a key risk factor for potential buyers of these notes. The filing does not contain new financial results or operational updates beyond this specific debt issuance.

Key Highlights

  • 1Wells Fargo & Company issued "Medium-Term Notes, Series K, Principal at Risk Securities Linked to the S&P 500® Index."
  • 2The filing is primarily for informational purposes regarding the terms and conditions of these new notes.
  • 3The "Principal at Risk" feature signifies a potential loss of invested capital based on S&P 500 performance.
  • 4The filing includes the form of the note as an exhibit.
  • 5A legal opinion from Faegre Baker Daniels LLP regarding the notes is also provided as an exhibit.
  • 6This issuance is related to a previously filed Form S-3 registration statement.

Frequently Asked Questions

The main purpose of this filing is to disclose the issuance of new financial instruments, specifically "Medium-Term Notes, Series K, Principal at Risk Securities Linked to the S&P 500® Index," and to provide the associated documentation, including the form of the note and a legal opinion, as required for a related registration statement.

"Principal at Risk" indicates that the investor could lose some or all of their initial investment. The return and principal repayment are contingent on the performance of the S&P 500® Index, and if the index performs poorly according to the note's terms, the investor's principal may not be fully returned.

No, this 8-K filing is specifically focused on the details of a new debt security issuance. It does not contain information about the company's overall financial statements, earnings, or other operational updates.

Faegre Baker Daniels LLP is the legal counsel that provided an opinion regarding the Notes. Their opinion is typically included to confirm the legality and validity of the securities being issued, which is a standard requirement for such filings.