Summary
This 8-K filing by Wells Fargo & Company reports on the issuance of two new series of Medium-Term Notes on August 1, 2017. These notes are structured products with maturities in August 2019 and August 2027, respectively. The first series (Series K) is a "Principal at Risk" security linked to the performance of three major stock indices: the S&P 500®, the Russell 2000®, and the EURO STOXX 50®. The second series (Series P) is linked to the 3-Month LIBOR rate. The filing's primary purpose is to provide the official documentation for these issuances, including the forms of the notes and the legal opinion from Faegre Baker Daniels LLP.
Key Highlights
- 1Wells Fargo issued two new series of Medium-Term Notes on August 1, 2017.
- 2Series K notes are "Principal at Risk" securities linked to the performance of the S&P 500®, Russell 2000®, and EURO STOXX 50® indices.
- 3Series P notes are linked to the 3-Month LIBOR rate.
- 4The Series K notes have a maturity date of August 2, 2019.
- 5The Series P notes have a maturity date of August 2, 2027.
- 6The filing includes the forms of the notes and a legal opinion from Faegre Baker Daniels LLP.
- 7These issuances are related to a previously filed Registration Statement on Form S-3.