What are these Medium-Term Notes, Series K?

These are debt securities issued by Wells Fargo & Company. They are specifically classified as 'Principal at Risk Securities,' which implies that the return of principal is contingent upon certain market conditions, and investors could lose a portion or all of their principal.

How is the performance of these notes determined?

The performance of these notes is linked to the lowest performing of two major stock market indices: the S&P 500® Index and the Russell 2000® Index. This means the note's return will be based on which of these two indices performs worse over the life of the note.

What is the purpose of filing this 8-K?

The purpose of this Current Report (8-K) is to formally file with the Securities and Exchange Commission (SEC) the documentation related to the issuance of these Medium-Term Notes, Series K. This includes the form of the note and a legal opinion from the company's legal counsel, Faegre Baker Daniels LLP.

Is my principal investment guaranteed with these notes?

No, these are 'Principal at Risk Securities.' This designation means that the return of your principal is not guaranteed and is subject to the performance of the linked indices. Investors could potentially lose money if the performance of the indices does not meet certain thresholds outlined in the note's terms.

WELLS FARGO & COMPANY/MN 8-K SEC Disclosure

Summary

Wells Fargo & Company/MN (WFC) filed an 8-K on May 15, 2017, to disclose the issuance of new financial instruments. Specifically, the company is reporting on Medium-Term Notes, Series K, Principal at Risk Securities. These notes are linked to the performance of the S&P 500® Index and the Russell 2000® Index, with a maturity date of May 14, 2027. The primary purpose of this filing is to provide investors with the official documentation regarding these notes, including the form of the note itself and a legal opinion from Faegre Baker Daniels LLP.

Key Highlights

1Disclosure of new debt issuance: Wells Fargo issued Medium-Term Notes, Series K.
2Structured product: The notes are 'Principal at Risk Securities', meaning principal is not guaranteed.
3Index-linked performance: The notes' return is tied to the performance of the S&P 500® Index and the Russell 2000® Index.
4Maturity date: The notes are due on May 14, 2027, representing a 10-year term.
5Regulatory filing: The 8-K filing serves to officially record the terms of these notes with the SEC.
6Inclusion of legal opinion: The filing includes an opinion from Faegre Baker Daniels LLP concerning the notes.

WELLS FARGO & COMPANY/MN 8-K Report, Exhibit Filing (May 15, 2017)

Summary

Key Highlights

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