8-KExhibits & Filings

WELLS FARGO & COMPANY/MN 8-K Report, Exhibit Filing (May 17, 2018)

Filed May 17, 2018For Securities:WFCWFC-PDWFC-PCWFC-PYWFC-PAWFC-PLWFCNPWFC-PZ

Summary

Wells Fargo & Company (WFC) filed an 8-K on May 17, 2018, primarily to disclose the issuance of various Medium-Term Notes. These notes are structured products, with some being "Principal at Risk Securities" linked to the performance of specific stock market indices like the S&P 500® and the Russell 2000® Index. The filing includes the forms of these notes and a legal opinion from Faegre Baker Daniels LLP concerning them. For investors, this filing indicates that Wells Fargo is actively engaging in the structured products market, offering debt instruments with returns tied to market performance. The "Principal at Risk" designation is crucial, signifying that investors could lose a portion or all of their principal if the underlying indices perform poorly. The various maturity dates and index linkages suggest Wells Fargo is offering a range of investment opportunities with different risk-return profiles to its clients.

Key Highlights

  • 1Wells Fargo & Company issued several series of Medium-Term Notes on May 16, 2018.
  • 2Some of the issued notes are classified as "Principal at Risk Securities."
  • 3These "Principal at Risk" notes are linked to the performance of the S&P 500® Index and/or the Russell 2000® Index.
  • 4The filing includes the specific forms for four different series of Medium-Term Notes.
  • 5Maturity dates for the issued notes range from May 2020 to May 2028.
  • 6The report includes a legal opinion from Faegre Baker Daniels LLP regarding the notes.

Frequently Asked Questions

Wells Fargo issued several series of Medium-Term Notes. Notably, some of these are structured as "Principal at Risk Securities" with their returns linked to the performance of stock market indices.

"Principal at Risk Securities" means that the investor could lose some or all of their initial investment (principal) if the underlying market performance does not meet certain thresholds or if the linked indices perform poorly.

The underlying assets for some of the "Principal at Risk" notes are the S&P 500® Index and the Russell 2000® Index. Other notes may be linked to the S&P 500® Index specifically.

This 8-K filing is to formally disclose the issuance of these specific Medium-Term Notes and to file the associated documentation, including the forms of the notes and a legal opinion, with the SEC in connection with a Registration Statement on Form S-3.