Summary
Wells Fargo & Company (WFC) filed an 8-K report on September 29, 2017, primarily to disclose the issuance of new financial instruments. Specifically, the company issued three series of Medium-Term Notes, Series K, which are structured as "Principal at Risk Securities." These notes are linked to the performance of various major stock market indices, including the S&P 500®, Russell 2000®, and EURO STOXX 50®. The purpose of the filing is to provide investors with the official documentation for these notes, including the forms of the notes themselves and a legal opinion from Faegre Baker Daniels LLP. This disclosure is important for understanding the specific terms, risks, and potential returns associated with these new debt instruments, which have a maturity date of September 30, 2027.
Key Highlights
- 1Wells Fargo issued new "Principal at Risk Securities" structured as Medium-Term Notes, Series K.
- 2The notes are linked to the performance of the S&P 500®, Russell 2000®, and/or EURO STOXX 50® indices.
- 3These are "Principal at Risk Securities," indicating that the principal investment is subject to loss based on market performance.
- 4The issuance includes three distinct note series with a maturity date of September 30, 2027.
- 5The filing includes the official forms of these notes as exhibits.
- 6A legal opinion from Faegre Baker Daniels LLP regarding the notes is also filed.
- 7This filing is in connection with a previously filed Registration Statement on Form S-3.