What are "Principal at Risk Securities"?

Principal at Risk Securities means that the investor could lose some or all of their initial investment (principal) depending on the performance of the underlying assets. In this case, if the stocks linked to the note perform poorly, the principal amount returned to the investor at maturity could be less than the original amount invested.

What is the specific risk associated with these Medium-Term Notes?

The primary risk is that the value of the notes will be determined by the *lowest* performing stock among NIKE, Intel, and Berkshire Hathaway. If one of these stocks significantly underperforms the others, it will negatively impact the return and potentially the principal of the note, even if the other stocks perform well.

Is this filing about a new offering of Wells Fargo stock?

No, this filing is about the issuance of a specific type of debt security (Medium-Term Notes) that are linked to the performance of other companies' stocks. It is not an offering of Wells Fargo's own equity.

WELLS FARGO & COMPANY/MN 8-K SEC Disclosure

Q: Where can I find the detailed terms and conditions of these notes?

The detailed terms and conditions are available in Exhibit 4.1 of this 8-K filing, which is the 'Form of Medium-Term Notes, Series K, Principal at Risk Securities Linked to the Lowest Performing of the Class B Common Stock of NIKE, Inc., the Common Stock of Intel Corporation and the Class B Common Stock of Berkshire Hathaway Inc. due July 30, 2020'.

Summary

Wells Fargo & Company filed an 8-K on July 28, 2017, to report on the issuance of new financial instruments. Specifically, the company announced the issuance of "Medium-Term Notes, Series K, Principal at Risk Securities Linked to the Lowest Performing of the Class B Common Stock of NIKE, Inc., the Common Stock of Intel Corporation and the Class B Common Stock of Berkshire Hathaway Inc." These notes are due on July 30, 2020. The primary purpose of this filing is to provide investors with the official documentation related to these new notes. This includes the form of the note itself and a legal opinion from Faegre Baker Daniels LLP, confirming the validity and legal standing of these securities. Investors interested in this specific product should review the provided exhibits for detailed terms and conditions.

Key Highlights

1Wells Fargo & Company issued new Medium-Term Notes, Series K.
2These are "Principal at Risk Securities" indicating potential loss of principal.
3The performance of the notes is directly linked to the lowest performing stock among NIKE, Inc. (Class B), Intel Corporation (Common), and Berkshire Hathaway Inc. (Class B).
4The notes have a maturity date of July 30, 2020.
5The filing includes the form of the Note and a legal opinion from Faegre Baker Daniels LLP.
6This 8-K is primarily for informational and disclosure purposes regarding the new debt instrument.

WELLS FARGO & COMPANY/MN 8-K Report, Exhibit Filing (Jul 28, 2017)

Summary

Key Highlights

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