8-KExhibits & Filings

WELLS FARGO & COMPANY/MN 8-K Report, Exhibit Filing (Feb 23, 2017)

Filed February 23, 2017For Securities:WFCWFC-PDWFC-PCWFC-PYWFC-PAWFC-PLWFCNPWFC-PZ

Summary

Wells Fargo & Company (WFC) filed an 8-K on February 23, 2017, to report the issuance of new debt securities. Specifically, the company issued two types of Medium-Term Notes: Series K, which are Principal at Risk Securities linked to the S&P 500® Index, and Series P, which are Notes linked to 3 Month LIBOR and mature on February 23, 2022. These issuances are related to a previously filed Registration Statement on Form S-3. This filing primarily serves to provide the associated documentation for these notes, including the forms of the notes themselves and a legal opinion from Faegre Baker Daniels LLP. Investors should note that these are debt instruments, with the Series K notes carrying principal risk tied to market performance, while Series P offers a fixed maturity date with interest linked to a benchmark rate. The information provided is transactional and pertains to the structure and legal clearance of these specific note offerings.

Key Highlights

  • 1Wells Fargo issued new debt securities on February 22, 2017.
  • 2Two series of Medium-Term Notes were issued: Series K and Series P.
  • 3Series K notes are Principal at Risk Securities linked to the S&P 500® Index.
  • 4Series P notes are linked to 3 Month LIBOR and mature on February 23, 2022.
  • 5The filing includes the forms of these notes as exhibits.
  • 6A legal opinion from Faegre Baker Daniels LLP regarding the notes is also filed.
  • 7These issuances are connected to a previously filed Form S-3 Registration Statement.

Frequently Asked Questions

The primary purpose of this 8-K filing is to report the issuance of new debt securities by Wells Fargo & Company and to provide the necessary documentation, including the forms of the notes and a legal opinion, as required by regulatory standards.

The Series K Medium-Term Notes are described as 'Principal at Risk Securities Linked to the S&P 500® Index'. This indicates that the repayment of principal on these notes is contingent on the performance of the S&P 500® Index, meaning investors could lose principal if the index performs poorly.

The Series P Medium-Term Notes are linked to the 3 Month LIBOR rate and have a maturity date of February 23, 2022. This suggests that the interest payments on these notes will fluctuate based on the LIBOR benchmark, and the principal will be repaid at maturity.

No, this specific 8-K filing, dated February 23, 2017, focuses on the structure and legal aspects of the issued notes. It includes the forms of the notes and a legal opinion but does not disclose specific details such as the principal amounts issued or the exact interest rates.