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.