8-KExhibits & Filings

WELLS FARGO & COMPANY/MN 8-K Report, Exhibit Filing (Jun 29, 2017)

Filed June 29, 2017For Securities:WFCWFC-PDWFC-PCWFC-PYWFC-PAWFC-PLWFCNPWFC-PZ

Summary

Wells Fargo & Company filed an 8-K on June 29, 2017, to report the issuance of new financial instruments. Specifically, the company issued Medium-Term Notes, Series K, Principal at Risk Securities Linked to the Lowest Performing of the S&P 500® Index and the Russell 2000® Index, with a maturity date of July 2, 2027. This filing primarily serves to provide investors with the official documentation related to this new debt issuance. The key purpose of this filing is to make publicly available the form of the Note itself and the legal opinion from Faegre Baker Daniels LLP. Investors interested in understanding the specifics of these "Principal at Risk" securities, their terms, and the legal framework surrounding them will find this document informative. It's important to note that this 8-K does not disclose financial performance figures or strategic operational updates, but rather focuses on the details of a specific debt security offering.

Key Highlights

  • 1Wells Fargo & Company (WFC) issued new financial instruments on June 28, 2017.
  • 2The new instruments are Medium-Term Notes, Series K, described as "Principal at Risk Securities."
  • 3These securities are linked to the performance of the S&P 500® Index and the Russell 2000® Index, specifically the lowest performing of the two.
  • 4The maturity date for these Notes is July 2, 2027.
  • 5The filing is an 8-K, indicating a significant event requiring immediate disclosure.
  • 6Key exhibits filed include the form of the Note and a legal opinion from Faegre Baker Daniels LLP.
  • 7This filing is informational, providing details about a specific debt product rather than financial results.

Frequently Asked Questions

Wells Fargo issued Medium-Term Notes, Series K, which are described as 'Principal at Risk Securities.' These notes are linked to the performance of the S&P 500® Index and the Russell 2000® Index.

'Principal at Risk' typically signifies that the investor's principal investment could be lost, either partially or entirely, depending on the performance of the underlying index(es) and the specific terms outlined in the Note. The return is often tied to the performance of the lowest-performing index mentioned.

The maturity date for these Medium-Term Notes is July 2, 2027.

The primary purpose of this 8-K filing is to officially disclose the terms and documentation of the newly issued Medium-Term Notes, Series K, including the form of the Note and a legal opinion from Faegre Baker Daniels LLP, as required for such significant financial issuances.