Summary
This 8-K filing by Wells Fargo & Company/MN (WFC) on January 30, 2018, primarily serves to disclose the issuance of new financial instruments. Specifically, the company is filing the terms and related legal opinions for its Medium-Term Notes, Series K, Principal at Risk Securities Linked to the MSCI EAFE Index®. These notes are structured financial products where the principal repayment is contingent on the performance of the MSCI EAFE Index®. For investors, this filing indicates Wells Fargo's ongoing activity in the debt markets and its offering of structured products. The 'Principal at Risk' nature of these notes means that investors could lose a portion or all of their principal if the linked index performs poorly. This filing is not a report of financial results but rather a disclosure of a specific product issuance and its associated documentation, including the form of the note and a legal opinion from Faegre Baker Daniels LLP.
Key Highlights
- 1Wells Fargo & Company/MN (WFC) filed an 8-K on January 30, 2018.
- 2The filing relates to the issuance of Medium-Term Notes, Series K.
- 3These notes are structured as 'Principal at Risk Securities'.
- 4The performance of these notes is linked to the MSCI EAFE Index®.
- 5The purpose of the filing is to provide the form of the Note and a legal opinion.
- 6The legal opinion was provided by Faegre Baker Daniels LLP.
- 7This filing does not contain financial performance results but rather documentation for a new debt product.