What are 'Principal at Risk Securities'?

Principal at Risk Securities are investment products where the potential return is linked to the performance of an underlying asset (in this case, ETFs), but the investor's principal investment is also at risk. Depending on the terms of the specific security, the investor could lose some or all of their initial investment if the underlying asset performs poorly.

What ETFs are these notes linked to?

The notes are linked to two different underlyings: one is an 'International ETF Basket,' and the other is the 'Energy Select Sector SPDR® Fund'.

What is the purpose of filing these forms and opinions with the SEC?

Filing these documents with the SEC makes them publicly available, providing transparency to investors. The forms of the notes detail the specific terms, conditions, and risks associated with these debt instruments, while the legal opinion confirms certain aspects of their validity and compliance.

Does this filing indicate any new financial results or operational changes for Wells Fargo?

No, this 8-K filing is purely informational regarding the issuance of specific debt securities. It does not contain new financial statements, results of operations, or details about significant business events beyond the introduction of these notes.

WELLS FARGO & COMPANY/MN 8-K SEC Disclosure

Summary

Wells Fargo & Company (WFC) filed an 8-K on August 7, 2017, primarily to disclose the issuance of two new series of Medium-Term Notes. These are structured as "Principal at Risk Securities" linked to specific exchange-traded funds (ETFs). The first is tied to an "International ETF Basket" with a maturity date of February 7, 2022, and the second is linked to the "Energy Select Sector SPDR® Fund" maturing on August 7, 2020. This filing is essentially informational, providing investors with the official documentation for these specific debt instruments. It includes the forms of the notes themselves and the legal opinion from Faegre Baker Daniels LLP regarding these securities. Investors interested in these particular notes should review the full exhibits attached to this 8-K for detailed terms, risks, and structures.

Key Highlights

1Wells Fargo issued two new series of Medium-Term Notes on August 6, 2017.
2These notes are classified as 'Principal at Risk Securities,' meaning investors could lose a portion or all of their principal.
3One note is linked to an International ETF Basket and matures on February 7, 2022.
4The second note is linked to the Energy Select Sector SPDR® Fund and matures on August 7, 2020.
5The 8-K filing includes the official forms of these notes as exhibits.
6A legal opinion from Faegre Baker Daniels LLP regarding these notes is also filed.
7This filing is related to a previously filed Registration Statement on Form S-3 (File No. 333-202840).

WELLS FARGO & COMPANY/MN 8-K Report, Exhibit Filing (Aug 7, 2017)

Summary

Key Highlights

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