Summary
Wells Fargo & Company (WFC) filed an 8-K on February 28, 2017, to report the issuance of several Medium-Term Notes, Series K. These notes are structured as "Principal at Risk Securities" and are linked to the performance of various indices and ETFs, including the S&P 500 Index, Russell 2000 Index, iShares MSCI Emerging Markets ETF, and iShares MSCI EAFE ETF. The maturities for these notes vary, with some due in February 2019 and one in March 2027. This filing primarily serves to provide the documentation for these new debt issuances, specifically filing the forms of the Notes and the legal opinion from Faegre Baker Daniels LLP. Investors should note that these are structured products where the principal is at risk, meaning investors could lose a portion or all of their investment depending on the performance of the underlying reference assets. The purpose of this 8-K is informational, detailing the terms and legal aspects of these specific note offerings.
Key Highlights
- 1Wells Fargo issued Medium-Term Notes, Series K, classified as "Principal at Risk Securities."
- 2The notes are linked to the performance of equity indices and ETFs, including S&P 500, Russell 2000, iShares MSCI Emerging Markets ETF, and iShares MSCI EAFE ETF.
- 3Maturities for these notes range from February 28, 2019, to March 1, 2027.
- 4The filing includes the forms of each specific note issuance.
- 5A legal opinion from Faegre Baker Daniels LLP regarding the notes is also filed as an exhibit.
- 6This filing does not disclose new financial results but rather documents the terms of new debt instruments.