Summary
Wells Fargo & Company filed an 8-K report on December 7, 2016, to disclose the issuance of several new Medium-Term Notes, Series K. These notes are structured as "Principal at Risk Securities," meaning their return and principal repayment are linked to the performance of specific indices and ETFs, including the SPDR® S&P 500® ETF Trust, the S&P 500® Index, the Russell 2000® Index, and the EURO STOXX 50® Index. The issuance includes notes with maturity dates in 2019, 2018, and 2020. This filing primarily serves to provide investors with the official documentation for these new debt instruments, specifically the forms of the notes and the legal opinion from Faegre Baker Daniels LLP. Investors interested in these specific note offerings should review the detailed terms, risks, and conditions outlined in the referenced exhibits. The filing does not contain new financial statements or significant operational updates but rather focuses on the terms of these structured financial products.
Key Highlights
- 1Wells Fargo issued new Medium-Term Notes, Series K, as "Principal at Risk Securities".
- 2The notes' performance is tied to various equity indices and ETFs, including the S&P 500®, Russell 2000®, EURO STOXX 50®, and SPDR® S&P 500® ETF Trust.
- 3Maturity dates for these notes range from June 2019 to December 2020.
- 4The filing includes the forms of these specific notes as exhibits.
- 5A legal opinion from Faegre Baker Daniels LLP regarding the notes is also filed.
- 6This report is part of a Registration Statement on Form S-3 previously filed by Wells Fargo.