Summary
This Form 8-K filing by Wells Fargo & Company on December 13, 2016, announces the issuance of new financial products: Medium-Term Notes, Series K, Principal at Risk Securities. These notes are linked to two major market indices: the MSCI EAFE Index® and the S&P 500® Index. The filing primarily serves to provide the official documentation and legal opinions related to these specific note issuances, which were also referenced in a previously filed Form S-3 Registration Statement. For investors, this report signifies the introduction of structured financial products by Wells Fargo. The 'Principal at Risk' nature of these notes is a critical detail, indicating that the principal investment could be lost depending on the performance of the linked index. Investors considering these notes should pay close attention to the specific terms, risks, and potential returns outlined in the full note documentation, which is being filed as an exhibit. The legal opinion from Faegre Baker Daniels LLP further supports the structure and compliance of these notes.
Key Highlights
- 1Wells Fargo & Company issued Medium-Term Notes, Series K, classified as Principal at Risk Securities.
- 2The new notes are linked to the performance of the MSCI EAFE Index®.
- 3The new notes are also linked to the performance of the S&P 500® Index.
- 4This 8-K filing is primarily to provide the official forms of these notes and related legal opinions.
- 5The issuance is related to a previously filed Form S-3 Registration Statement (File No. 333-202840).
- 6Faegre Baker Daniels LLP provided a legal opinion regarding these notes.
- 7The nature of the securities implies a risk to the principal investment based on index performance.