8-KExhibits & Filings

WELLS FARGO & COMPANY/MN 8-K Report, Exhibit Filing (Jan 31, 2017)

Filed January 31, 2017For Securities:WFCWFC-PDWFC-PCWFC-PYWFC-PAWFC-PLWFCNPWFC-PZ

Summary

This SEC Form 8-K filing by Wells Fargo & Company on January 31, 2017, primarily serves to report the issuance of new Medium-Term Notes, Series K. These notes are structured as "Principal at Risk Securities" and are linked to the performance of various investment indices and ETFs, including the S&P 500®, Russell 2000®, iShares® MSCI Emerging Markets ETF, and iShares® MSCI EAFE ETF. The filing includes the forms of these notes and a legal opinion from Faegre Baker Daniels LLP regarding their issuance. For investors, this filing indicates Wells Fargo's continued engagement in 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 linked indices or ETFs underperform. While this filing does not report on the company's overall financial performance or strategic initiatives, it highlights the company's activity in debt issuance and its offering of complex investment instruments to the market.

Key Highlights

  • 1Wells Fargo & Company filed a Form 8-K on January 31, 2017, to report on the issuance of new financial products.
  • 2The filing details the issuance of "Medium-Term Notes, Series K, Principal at Risk Securities."
  • 3These notes are linked to the performance of specific market indices and ETFs, including the S&P 500®, Russell 2000®, iShares® MSCI Emerging Markets ETF, and iShares® MSCI EAFE ETF.
  • 4Maturity dates for the notes vary, with some due in January 2019 and others in February 2027.
  • 5The "Principal at Risk" structure implies that investors may lose principal if the underlying assets perform poorly.
  • 6The filing includes the forms of these notes and a legal opinion from Faegre Baker Daniels LLP.
  • 7This report is an informational filing regarding specific debt issuances, not a comprehensive financial update.

Frequently Asked Questions

The primary purpose of this Form 8-K filing is to report the issuance of new Medium-Term Notes, Series K, which are structured as Principal at Risk Securities. It also includes the legal documentation related to these issuances, such as the forms of the notes and a legal opinion.

"Principal at Risk Securities" means that the investor's principal amount invested could be partially or fully lost if the performance of the underlying index or ETF to which the security is linked does not meet certain thresholds or performs negatively.

No, this specific Form 8-K filing does not provide a comprehensive update on Wells Fargo's overall financial performance. It is focused solely on the details and documentation surrounding the issuance of specific structured notes.

The investment exposures of these notes are linked to the performance of the S&P 500® Index, the Russell 2000® Index, the iShares® MSCI Emerging Markets ETF, and the iShares® MSCI EAFE ETF.