Summary
Wells Fargo & Company (WFC) filed an 8-K on January 24, 2017, primarily to disclose the issuance of new Medium-Term Notes, Series K. These notes are structured as "Principal at Risk Securities," meaning investors could lose a portion or all of their principal investment depending on the performance of underlying assets. Specifically, these notes are linked to the iShares® MSCI Emerging Markets ETF and the S&P 500® Index. This filing serves to provide the necessary documentation for these new debt instruments, including the forms of the notes themselves and the legal opinion from Faegre Baker Daniels LLP. Investors interested in WFC's financing activities or the specifics of these structured note offerings should review the attached exhibits for detailed terms and conditions. This filing does not represent a new financial disclosure in terms of quarterly or annual results, but rather a regulatory update regarding specific product issuances.
Key Highlights
- 1Wells Fargo & Company issued new Medium-Term Notes, Series K, on January 24, 2017.
- 2These notes are classified as "Principal at Risk Securities."
- 3The performance of these notes is linked to the iShares® MSCI Emerging Markets ETF.
- 4The performance of these notes is also linked to the S&P 500® Index.
- 5The filing includes the forms of these specific note issuances as exhibits.
- 6A legal opinion from Faegre Baker Daniels LLP regarding these notes is also filed.
- 7This 8-K filing is related to a Registration Statement on Form S-3 previously filed by Wells Fargo.