8-KExhibits & Filings

WELLS FARGO & COMPANY/MN 8-K Report, Exhibit Filing (Apr 25, 2018)

Filed April 25, 2018For Securities:WFCWFC-PDWFC-PCWFC-PYWFC-PAWFC-PLWFCNPWFC-PZ

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.

Frequently Asked Questions

The primary purpose of this 8-K filing is to formally disclose the issuance of two new series of Medium-Term Notes by Wells Fargo & Company and to file the associated documentation, including the forms of the notes and legal opinions.

The Series S Medium-Term Notes are principal-at-risk securities. Their return is linked to the performance of the lowest performing among the S&P 500® Index, the Russell 2000® Index, and the Dow Jones Industrial Average®. These notes mature on April 25, 2023. The 'principal at risk' designation suggests that investors could lose a portion or all of their principal if the linked indices do not perform favorably.

The Series T Medium-Term Notes are linked to 3 Month LIBOR and mature on October 25, 2021. These notes provide investors with exposure to interest rate movements as reflected by the 3 Month LIBOR rate.

This filing includes the specific forms of both the Series S and Series T Medium-Term Notes, as well as the legal opinion of Faegre Baker Daniels LLP regarding these notes, and their consent.