Summary
This 8-K filing from Wells Fargo & Company, filed on January 9, 2018, primarily concerns the issuance of new debt instruments. Specifically, the company has issued Medium-Term Notes, Series K, Principal at Risk Securities Linked to the Russell 2000® Index due December 9, 2019. The report's main purpose is to file the documentation related to this debt issuance, including the form of the note itself and a legal opinion from Faegre Baker Daniels LLP.
Key Highlights
- 1Wells Fargo issued Medium-Term Notes, Series K, Principal at Risk Securities.
- 2These notes are linked to the performance of the Russell 2000® Index.
- 3The maturity date for these notes is December 9, 2019.
- 4The filing includes the form of the Medium-Term Note.
- 5A legal opinion from Faegre Baker Daniels LLP regarding the notes is also filed.
- 6The company is not an emerging growth company.
- 7This filing is related to a previously filed Registration Statement on Form S-3.
Frequently Asked Questions
The primary purpose of this 8-K filing is to report the issuance of new debt securities by Wells Fargo & Company, specifically Medium-Term Notes, Series K, Principal at Risk Securities Linked to the Russell 2000® Index, and to provide the associated legal documentation.
These are debt securities where the repayment of principal is linked to the performance of an underlying asset, in this case, the Russell 2000® Index. This means that if the index performs poorly, investors may receive less than their initial principal investment back at maturity.
The Medium-Term Notes, Series K, Principal at Risk Securities Linked to the Russell 2000® Index are due to mature on December 9, 2019.
No, this filing is primarily for informational and legal documentation purposes related to a specific debt issuance. It does not contain new financial statements, earnings reports, or details about significant operational changes or business developments.