8-KExhibits & Filings

WELLS FARGO & COMPANY/MN 8-K Report, Exhibit Filing (Oct 21, 2016)

Filed October 21, 2016For Securities:WFCWFC-PDWFC-PCWFC-PYWFC-PAWFC-PLWFCNPWFC-PZ

Summary

This Wells Fargo & Company (WFC) 8-K filing from October 21, 2016, primarily serves to disclose the issuance of new financial instruments: Medium-Term Notes, Series K, "Principal at Risk Securities" linked to the S&P 500® Index. These notes represent a debt obligation of Wells Fargo, but their principal repayment is contingent on the performance of the S&P 500® Index. The filing includes the forms of these specific notes and a legal opinion from Faegre Baker Daniels LLP regarding their issuance. For investors, this filing indicates Wells Fargo's ongoing activity in diversifying its funding sources and offering structured financial products. 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 performs unfavorably. While not a direct statement on the company's overall financial health, it highlights a specific product offering designed to appeal to investors seeking market-linked returns with potential principal downside.

Key Highlights

  • 1Wells Fargo issued Medium-Term Notes, Series K, designated as 'Principal at Risk Securities'.
  • 2These notes are linked to the performance of the S&P 500® Index.
  • 3The filing includes the official forms of these specific note issuances.
  • 4A legal opinion from Faegre Baker Daniels LLP concerning these notes is also provided.
  • 5This filing is associated with a previously filed Form S-3 Registration Statement (File No. 333-202840).
  • 6The 'Principal at Risk' feature implies potential loss of invested principal based on S&P 500® Index performance.

Frequently Asked Questions

These are a type of structured financial product where the repayment of the principal amount invested is not guaranteed and depends on the performance of an underlying asset or index, in this case, the S&P 500® Index. If the index performs poorly, investors may lose some or all of their initial investment.

This filing is primarily relevant to potential investors in these specific notes. For existing shareholders, it indicates ongoing product development and capital raising activities. It does not directly impact the company's existing equity or debt structure, but it shows Wells Fargo is actively offering a range of financial products.

The specific terms and conditions of the Medium-Term Notes, Series K, Principal at Risk Securities Linked to the S&P 500® Index, are detailed within the exhibits of this Form 8-K filing, specifically Exhibits 4.1 and 4.2, which contain the 'Form of Medium-Term Notes'.

Faegre Baker Daniels LLP provided a legal opinion regarding the issuance of these Medium-Term Notes. Their consent is included as Exhibit 23.1, indicating their role in confirming certain legal aspects of the notes' issuance.