8-KExhibits & Filings

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

Filed May 8, 2018For Securities:WFCWFC-PDWFC-PCWFC-PYWFC-PAWFC-PLWFCNPWFC-PZ

Summary

This 8-K filing by Wells Fargo & Company primarily serves to publicly disclose the documentation related to a specific financial product issuance: Medium-Term Notes, Series S, Principal at Risk Securities. These notes are linked to the performance of the S&P 500 Index, the Russell 2000 Index, and the Dow Jones Industrial Average. The filing's main purpose is to provide investors and interested parties with the official 'Form of Note' and a legal opinion from Faegre Baker Daniels LLP concerning these securities. For investors, this filing indicates that Wells Fargo is actively engaging in the issuance of structured financial products. While the filing itself does not provide details on the specific terms, pricing, or market reception of these notes, it signifies the company's role as an issuer of such debt instruments. Investors interested in these particular notes would need to consult additional offering documents or prospectuses that would typically accompany such an issuance for a comprehensive understanding of their risk and return profiles.

Key Highlights

  • 1Wells Fargo & Company (WFC) filed an 8-K on May 8, 2018, related to a new financial product issuance.
  • 2The filing discloses the 'Form of Medium-Term Notes, Series S, Principal at Risk Securities' due May 8, 2023.
  • 3These notes are linked to the performance of the S&P 500®, Russell 2000®, and Dow Jones Industrial Average® indexes.
  • 4The filing includes an opinion from Faegre Baker Daniels LLP regarding the Notes.
  • 5A consent from Faegre Baker Daniels LLP is also included as an exhibit.
  • 6This report is associated with a Registration Statement on Form S-3 (File No. 333-221324).

Frequently Asked Questions

The main purpose of this 8-K filing is to publicly disclose the official documentation, specifically the 'Form of Note' and a legal opinion, for the issuance of Medium-Term Notes, Series S, Principal at Risk Securities by Wells Fargo & Company.

These are financial instruments structured as Medium-Term Notes where the principal repayment is contingent on the performance of underlying assets. In this case, the performance is tied to the lowest performing of three major stock market indexes: the S&P 500®, the Russell 2000®, and the Dow Jones Industrial Average®.

No, this 8-K filing primarily serves to submit the form of the note and associated legal opinions. Specific details regarding the interest rate, principal amount, pricing, or marketability of these notes would typically be found in a separate prospectus or offering memorandum related to the issuance, not in this 8-K.

Faegre Baker Daniels LLP is a law firm that has provided a legal opinion regarding the Medium-Term Notes. Their opinion and consent are included as exhibits to this filing, which is a standard practice for documenting the legality and structure of such financial instruments.