8-KExhibits & Filings

WELLS FARGO & COMPANY/MN 8-K Report, Exhibit Filing (May 31, 2018)

Filed May 31, 2018For Securities:WFCWFC-PDWFC-PCWFC-PYWFC-PAWFC-PLWFCNPWFC-PZ

Summary

Wells Fargo & Company filed an 8-K on May 31, 2018, primarily to disclose the issuance of new financial instruments. Specifically, the company announced the issuance of "Medium-Term Notes, Series S, Principal at Risk Securities Linked to a Global ETF Basket due May 28, 2021" (the "Notes"). This filing is in connection with a previously filed Registration Statement on Form S-3. The primary purpose of this report is to formally submit the form of these Notes and the legal opinion from Faegre Baker Daniels LLP regarding them.

Key Highlights

  • 1Wells Fargo & Company issued new "Medium-Term Notes, Series S, Principal at Risk Securities" on May 30, 2018.
  • 2These notes are linked to a Global ETF Basket and have a maturity date of May 28, 2021.
  • 3The filing is made in connection with a Registration Statement on Form S-3 (File No. 333-221324).
  • 4The 8-K includes the form of the actual Notes being issued.
  • 5An opinion from Faegre Baker Daniels LLP regarding the Notes is also filed as an exhibit.
  • 6The filing also includes the consent of Faegre Baker Daniels LLP, a common requirement for legal opinions filed with the SEC.

Frequently Asked Questions

Wells Fargo issued "Medium-Term Notes, Series S, Principal at Risk Securities Linked to a Global ETF Basket due May 28, 2021".

The primary purpose of this 8-K is to file the official documentation for the newly issued Medium-Term Notes, including the form of the Note itself and the legal opinion from Faegre Baker Daniels LLP.

The term 'Principal at Risk Securities' suggests that the principal amount invested by the noteholder is not fully guaranteed and could be lost, in whole or in part, depending on the performance of the underlying asset (in this case, a Global ETF Basket). Investors should carefully review the prospectus and the specific terms of the notes for details on how principal protection is structured or if it is absent.

This filing relates to a specific debt issuance, the Medium-Term Notes, which are investment products. It does not directly pertain to the company's day-to-day core banking operations or financial results, but rather to its capital raising activities and the structuring of certain investment products.