8-KExhibits & Filings

WELLS FARGO & COMPANY/MN 8-K Report, Exhibit Filing (Oct 11, 2016)

Filed October 11, 2016For Securities:WFCWFC-PDWFC-PCWFC-PYWFC-PAWFC-PLWFCNPWFC-PZ

Summary

Wells Fargo & Company (WFC) filed a Form 8-K on October 11, 2016, to report the issuance of Medium-Term Notes, Series K, Principal at Risk Securities Linked to the S&P 500® Index. This filing serves to provide investors and interested parties with the official documentation related to this new financial product. The report primarily contains the form of the note itself and a legal opinion from Faegre Baker Daniels LLP regarding these securities. For investors, this filing indicates an expansion of Wells Fargo's product offerings, specifically in structured notes tied to equity market performance. The 'Principal at Risk' nature of these notes means that investors could lose a portion or all of their principal investment if the S&P 500® Index does not perform favorably. Investors considering these notes should carefully review the terms and conditions outlined in the note form and understand the associated risks before making any investment decisions.

Key Highlights

  • 1Wells Fargo & Company issued new financial instruments: Medium-Term Notes, Series K, Principal at Risk Securities Linked to the S&P 500® Index.
  • 2The filing is an 8-K report, used for significant corporate events and disclosures.
  • 3The 'Principal at Risk' designation implies that the investor's principal investment is subject to loss based on the performance of the underlying index.
  • 4The S&P 500® Index is the underlying benchmark for these new securities.
  • 5The filing includes the form of the note and a legal opinion from Faegre Baker Daniels LLP.
  • 6This action was reported on October 11, 2016.

Frequently Asked Questions

The primary risk is the potential loss of principal. If the S&P 500® Index performs poorly, investors may lose a portion or all of their initial investment. The exact terms of principal protection or loss are detailed within the note documentation.

The specific terms and conditions are detailed in 'Exhibit 4.1: Form of Medium-Term Notes, Series K, Principal at Risk Securities Linked to the S&P 500® Index' which is part of this 8-K filing.

The legal opinion from Faegre Baker Daniels LLP (included as Exhibit 5.1 and Consent in Exhibit 23.1) likely provides assurance regarding the legality and structure of the issued securities, confirming they conform to relevant regulations and the described terms.

This specific 8-K filing is limited to the disclosure of a new product issuance (structured notes). It does not provide information about the company's overall financial health, earnings, or strategic shifts. Investors should refer to other filings, such as quarterly earnings reports (10-Q) or annual reports (10-K), for broader financial insights.