8-KExhibits & Filings

WELLS FARGO & COMPANY/MN 8-K Report, Exhibit Filing (Feb 16, 2017)

Filed February 16, 2017For Securities:WFCWFC-PDWFC-PCWFC-PYWFC-PAWFC-PLWFCNPWFC-PZ

Summary

This 8-K filing from Wells Fargo & Company, filed on February 16, 2017, pertains to the issuance of Medium-Term Notes, Series K, Principal at Risk Securities Linked to the S&P 500® Index. The primary purpose of this report is to formally submit the documentation related to this new debt issuance to the SEC. Investors should note that this filing is primarily informational, providing the form of the notes and a legal opinion from Faegre Baker Daniels LLP regarding these securities. It does not contain financial performance updates or strategic announcements. The nature of the notes, being "Principal at Risk Securities," suggests a potential for principal loss based on the performance of the S&P 500® Index, a factor that potential investors in these specific notes should carefully consider.

Key Highlights

  • 1Wells Fargo issued new "Medium-Term Notes, Series K, Principal at Risk Securities Linked to the S&P 500® Index" on February 15, 2017.
  • 2The filing's primary purpose is to provide the SEC with the official documentation for these notes.
  • 3Key documents filed include the form of the note itself and a legal opinion from Faegre Baker Daniels LLP.
  • 4The notes are structured as "Principal at Risk Securities," indicating potential for principal loss tied to the S&P 500® Index.
  • 5This 8-K does not provide updates on the company's financial performance or broader business operations.
  • 6The filing is in connection with a Registration Statement on Form S-3 previously filed by Wells Fargo.

Frequently Asked Questions

The main purpose of this 8-K filing is to officially report the issuance of Wells Fargo's Medium-Term Notes, Series K, Principal at Risk Securities Linked to the S&P 500® Index to the Securities and Exchange Commission and to file the associated documentation, including the form of the note and a legal opinion.

For investors, 'Principal at Risk Securities' means that the amount of principal they receive at maturity could be less than their initial investment. The return and repayment of principal are linked to the performance of the S&P 500® Index. If the index performs poorly, investors may lose a portion or all of their principal.

No, this specific 8-K filing does not contain information about Wells Fargo's financial results or overall business performance. It is solely focused on the details and legal documentation of the newly issued Medium-Term Notes.

The legal opinion regarding these Medium-Term Notes was provided by Faegre Baker Daniels LLP.