Summary
This 8-K filing from Wells Fargo & Company on June 15, 2018, primarily serves to disclose the issuance of new financial instruments: Medium-Term Notes, Series S, Principal at Risk Securities. These notes are linked to the performance of the S&P 500® Index and the Russell 2000® Index, with a maturity date of March 17, 2020. The filing includes the specific form of these notes and the legal opinion from Faegre Baker Daniels LLP regarding them, as well as their consent.
Key Highlights
- 1Wells Fargo issued new financial products: Medium-Term Notes, Series S, Principal at Risk Securities.
- 2The notes are linked to the performance of the S&P 500® Index and the Russell 2000® Index.
- 3The maturity date for these specific notes is March 17, 2020.
- 4This filing is related to a Registration Statement on Form S-3 (File No. 333-221324).
- 5The filing includes the official form of the Notes as an exhibit.
- 6A legal opinion from Faegre Baker Daniels LLP concerning the Notes is included.
- 7The consent of Faegre Baker Daniels LLP is also provided as part of the filing.
Frequently Asked Questions
The filing discloses the issuance of Medium-Term Notes, Series S, Principal at Risk Securities. These are debt instruments whose principal repayment is linked to the performance of specific stock market indices.
Linking the notes to these indices means their performance, and potentially the repayment of principal, is tied to how well these major stock market indices perform. Investors in these notes are essentially betting on the performance of these markets.
The Medium-Term Notes, Series S, Principal at Risk Securities disclosed in this filing have a maturity date of March 17, 2020.
The legal opinion regarding these Notes was provided by the law firm Faegre Baker Daniels LLP.