Summary
Wells Fargo & Company (WFC) filed an 8-K on December 8, 2017, to report the issuance of new financial instruments. Specifically, the company issued "Medium-Term Notes, Series K: Principal at Risk Securities Linked to the Lowest Performing of the Russell 2000® Index and the iShares® MSCI EAFE ETF due October 10, 2019" (the “Notes"). This filing primarily serves to provide investors with the official documentation related to this new debt offering. The key purpose of this 8-K is to include the form of the Notes and the legal opinion from Faegre Baker Daniels LLP concerning these securities. Investors interested in the specific terms, risks, and structure of these Medium-Term Notes should refer to the filed exhibits for detailed information. This filing does not represent a material financial event or change in the company's overall financial position, but rather the documentation of a specific, structured financial product.
Key Highlights
- 1WFC announced the issuance of new "Medium-Term Notes, Series K: Principal at Risk Securities".
- 2The Notes are linked to the performance of the Russell 2000® Index and the iShares® MSCI EAFE ETF.
- 3The maturity date for these Notes is October 10, 2019.
- 4This filing is primarily for documentation purposes, including the form of the Note.
- 5A legal opinion from Faegre Baker Daniels LLP regarding the Notes is included as an exhibit.
- 6The filing also includes the consent of Faegre Baker Daniels LLP.