8-KExhibits & Filings

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

Filed September 8, 2017For Securities:WFCWFC-PDWFC-PCWFC-PYWFC-PAWFC-PLWFCNPWFC-PZ

Summary

This Current Report (8-K) filed by Wells Fargo & Company on September 8, 2017, primarily serves to disclose the issuance of new financial instruments and related documentation. Specifically, the company is filing the form of "Medium-Term Notes, Series K, Principal at Risk Securities Linked to the Energy Select Sector SPDR® Fund due September 8, 2020" (the “Notes"). These notes are linked to the performance of the Energy Select Sector SPDR® Fund, indicating a structured product with an investment tied to the energy sector. For investors, this filing signals Wells Fargo's ongoing activities in offering structured financial products. The "Principal at Risk" nature of these notes means that the principal amount invested could be lost if the underlying Energy Select Sector SPDR® Fund performs unfavorably. Investors considering these notes should carefully review the terms and conditions, particularly the risk factors associated with the energy sector and the specific structure of the notes, to understand the potential for both gains and losses.

Key Highlights

  • 1Wells Fargo & Company issued new "Medium-Term Notes, Series K, Principal at Risk Securities" on September 7, 2017.
  • 2These notes are linked to the performance of the Energy Select Sector SPDR® Fund.
  • 3The maturity date for these notes is September 8, 2020.
  • 4The filing includes the form of the note as an exhibit.
  • 5An opinion from Faegre Baker Daniels LLP regarding the notes is also filed.
  • 6The "Principal at Risk" feature indicates potential loss of invested principal.
  • 7This filing is related to a Registration Statement on Form S-3 previously filed by Wells Fargo.

Frequently Asked Questions

These are structured financial products where the return of the principal amount invested is not guaranteed. The amount of principal returned to the investor is contingent on the performance of an underlying asset, in this case, the Energy Select Sector SPDR® Fund. If the fund performs poorly, investors could lose a portion or all of their principal.

The Energy Select Sector SPDR® Fund (XLE) is an exchange-traded fund (ETF) that aims to track the performance of companies in the energy sector of the S&P 500 index. Its performance is influenced by factors affecting oil and gas companies, as well as broader economic conditions impacting energy demand.

The notes are due to mature on September 8, 2020.

The filing includes the form of the note as Exhibit 4.1. Investors should consult this document, along with any other offering materials provided by Wells Fargo, to understand the specific terms, conditions, and detailed risk factors associated with these Principal at Risk Securities.