8-KExhibits & Filings

WELLS FARGO & COMPANY/MN 8-K Report, Exhibit Filing (Jun 4, 2018)

Filed June 4, 2018For Securities:WFCWFC-PDWFC-PCWFC-PYWFC-PAWFC-PLWFCNPWFC-PZ

Summary

This 8-K filing by Wells Fargo & Company/MN (WFC) on June 4, 2018, is primarily informational, related to a Registration Statement on Form S-3. The company is filing the forms of two issuances of Medium-Term Notes, Series S, which are described as "Principal at Risk Securities". These notes are linked to the performance of specific market indices or ETFs, indicating a structured product offering rather than a general corporate update. Investors should note that these filings detail specific debt instruments rather than providing new financial statements or material changes in the company's business operations. The "Principal at Risk Securities" designation suggests that the principal amount invested could be subject to loss based on the performance of the underlying assets. The filing also includes legal opinions and consents related to these note issuances.

Key Highlights

  • 1Wells Fargo & Company filed an 8-K on June 4, 2018, related to a Form S-3 Registration Statement.
  • 2The filing includes the forms of two issuances of Medium-Term Notes, Series S.
  • 3These notes are classified as "Principal at Risk Securities".
  • 4One note is linked to the performance of the S&P 500®, Russell 2000®, and EURO STOXX 50® Indices.
  • 5The second note is linked to the performance of the SPDR® S&P® Biotech ETF.
  • 6The filing also contains a legal opinion from Faegre Baker Daniels LLP regarding these notes.

Frequently Asked Questions

The primary purpose of this 8-K filing is to provide updated information related to a Registration Statement on Form S-3. Specifically, it includes the forms of two "Principal at Risk Securities" issuances (Medium-Term Notes, Series S) and the associated legal opinions.

"Principal at Risk Securities" implies that the investor's principal investment is not guaranteed and could be lost, fully or partially, depending on the performance of the underlying asset (in this case, market indices or an ETF) to which the security is linked.

No, this filing does not contain new financial statements or material updates on Wells Fargo's operational performance. It is focused on the details and legal aspects of specific debt instrument issuances.

Faegre Baker Daniels LLP is the legal counsel that provided an opinion regarding the aforementioned Medium-Term Notes. Their involvement and consent are included as part of the regulatory requirements for such financial instrument issuances.