8-KExhibits & Filings

WELLS FARGO & COMPANY/MN 8-K Report, Exhibit Filing (Oct 7, 2016)

Filed October 7, 2016For Securities:WFCWFC-PDWFC-PCWFC-PYWFC-PAWFC-PLWFCNPWFC-PZ

Summary

Wells Fargo & Company filed an 8-K on October 7, 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 documentation related to this specific financial product, including the form of the Note itself and a legal opinion from Faegre Baker Daniels LLP. Investors should note that this report does not contain new financial statements or broad operational updates, but rather details a particular debt issuance with embedded derivative features tied to the performance of the S&P 500 index.

Key Highlights

  • 1Wells Fargo issued Medium-Term Notes, Series K, Principal at Risk Securities Linked to the S&P 500® Index on or around October 7, 2016.
  • 2The filing is an 8-K, indicating a material event or change for the company.
  • 3The primary purpose of the filing is to disclose the form of the security and related legal opinions.
  • 4The security is a debt instrument with principal repayment linked to the performance of the S&P 500® Index.
  • 5Legal counsel, Faegre Baker Daniels LLP, provided an opinion regarding these Notes.
  • 6This filing does not include comprehensive financial statements or new financial results for Wells Fargo.

Frequently Asked Questions

The main purpose of this 8-K filing is to officially document and provide the legal documentation for the issuance of a specific financial product: Medium-Term Notes, Series K, Principal at Risk Securities Linked to the S&P 500® Index.

Principal at Risk Securities are investment products where the repayment of the principal amount at maturity is subject to certain conditions, typically linked to the performance of an underlying asset or index. In this case, the principal is linked to the S&P 500® Index, meaning investors could lose a portion or all of their principal if the index performs poorly.

No, this filing does not provide new financial results or updated financial statements for Wells Fargo. It is specifically focused on disclosing the details and legal opinions surrounding the issuance of the aforementioned Medium-Term Notes.

The legal opinion regarding these Notes was provided by Faegre Baker Daniels LLP.