Summary
Wells Fargo & Company filed an 8-K on November 1, 2016, to report the issuance of new financial instruments. Specifically, the company announced the creation of Medium-Term Notes, Series K, Principal at Risk Securities Linked to the Russell 2000® Index, with a maturity date of November 2, 2026. This filing primarily serves to make the official documentation and legal opinions related to these notes publicly available. Investors should note that these are structured financial products, and their principal repayment is at risk, meaning investors could lose some or all of their initial investment depending on the performance of the underlying index. The purpose of this 8-K is to provide transparency on the terms and legal standing of these specific debt securities.
Key Highlights
- 1Wells Fargo issued Medium-Term Notes, Series K, Principal at Risk Securities.
- 2These notes are linked to the performance of the Russell 2000® Index.
- 3The maturity date for these notes is November 2, 2026.
- 4The filing includes the form of the Note as an exhibit.
- 5A legal opinion from Faegre Baker Daniels LLP regarding the notes is also filed.
- 6The 'Principal at Risk' nature of the securities means investors may not receive their full principal back.
- 7This 8-K is related to a Registration Statement on Form S-3 previously filed by Wells Fargo.