Summary
Wells Fargo & Company (WFC) filed an 8-K on February 2, 2018, to report the filing of specific exhibits related to a Registration Statement on Form S-3. The primary purpose of this filing was to include the forms of three Medium-Term Notes, Series K, Principal at Risk Securities. These notes are linked to the performance of the lowest performing among the S&P 500® Index, the Russell 2000® Index, and the EURO STOXX 50® Index, with a maturity date of January 27, 2022. This filing does not contain new financial statements or material business updates. Instead, it serves to provide investors and the market with the documentation for these specific debt instruments and an accompanying legal opinion from Faegre Baker Daniels LLP regarding the notes. Investors should note that these are structured products where the principal is at risk, meaning the return is contingent on the performance of the underlying indices, and there is a possibility of principal loss.
Key Highlights
- 1Wells Fargo & Company filed an 8-K on February 2, 2018, related to prior filings.
- 2The filing primarily concerns the documentation for three issuances of Medium-Term Notes, Series K, Principal at Risk Securities.
- 3These notes are linked to the performance of the S&P 500®, Russell 2000®, and EURO STOXX 50® indices.
- 4The maturity date for these specific notes is January 27, 2022.
- 5The filing includes the forms of the Notes and a legal opinion from Faegre Baker Daniels LLP.
- 6This report does not disclose new financial results or operational performance updates for Wells Fargo.
- 7The 'Principal at Risk' nature of these notes implies a potential for loss of invested principal based on index performance.