Summary
Wells Fargo & Company/MN (WFC) filed an 8-K on April 25, 2018, primarily to disclose the issuance of two new series of Medium-Term Notes. These notes are part of a Registration Statement on Form S-3 and represent structured debt offerings designed to provide investors with exposure to market performance. The first series, Series S, are Principal at Risk Securities linked to the performance of the S&P 500®, Russell 2000®, and Dow Jones Industrial Average® indices, with a maturity date of April 25, 2023. The second series, Series T, are notes linked to 3 Month LIBOR, maturing on October 25, 2021. This filing includes the forms of these notes and legal opinions regarding their issuance.
Key Highlights
- 1Wells Fargo issued two new series of Medium-Term Notes (Series S and Series T) on April 24, 2018.
- 2Series S notes are principal-at-risk securities linked to the lowest performing of the S&P 500®, Russell 2000®, and Dow Jones Industrial Average® indices.
- 3Series S notes have a maturity date of April 25, 2023.
- 4Series T notes are linked to 3 Month LIBOR with a maturity date of October 25, 2021.
- 5The issuance is related to a previously filed Registration Statement on Form S-3 (File No. 333-221324).
- 6The filing includes the forms of the notes and legal opinions from Faegre Baker Daniels LLP.