Summary
This Wells Fargo & Company (WFC) 8-K filing from May 5, 2017, primarily serves to disclose the forms of two new Medium-Term Notes, Series K, which are principal-at-risk securities. These notes are linked to either the Russell 2000® Index (maturing May 5, 2021) or the EURO STOXX 50® Index (maturing May 6, 2019). Investors should note that this filing is not reporting new financial results or material business developments. Instead, it's providing the legal documentation and an independent legal opinion regarding these specific structured financial products. The inclusion of these exhibits is in connection with a previously filed registration statement on Form S-3.
Key Highlights
- 1Wells Fargo issued new Medium-Term Notes, Series K, on May 4, 2017.
- 2The notes are 'Principal at Risk Securities,' meaning the principal amount could be reduced based on the performance of the linked index.
- 3Two specific notes are detailed: one linked to the Russell 2000® Index maturing in May 2021, and another linked to the EURO STOXX 50® Index maturing in May 2019.
- 4The filing's main purpose is to provide the forms of these notes as exhibits.
- 5An opinion from Faegre Baker Daniels LLP regarding the notes is also included.
- 6This filing is in support of a Registration Statement on Form S-3 previously filed with the SEC.