Summary
Wells Fargo & Company/MN (WFC) filed an 8-K on July 24, 2018, to report the issuance of new financial instruments: Medium-Term Notes, Series S, Principal at Risk Securities Linked to the MSCI EAFE Index®. This filing is primarily for informational purposes, providing investors with the official documentation related to these notes. The report includes the form of the note itself and a legal opinion from Faegre Baker Daniels LLP concerning these securities. For investors, this filing signifies a new offering from Wells Fargo that is linked to the performance of the MSCI EAFE Index, which tracks developed market equities in Europe, Australasia, and the Far East. The "Principal at Risk" nature of these securities means that the principal invested could be at risk depending on the performance of the underlying index. Investors should carefully review the terms and conditions of these notes to understand the potential risks and rewards associated with this specific investment product.
Key Highlights
- 1Wells Fargo & Company/MN (WFC) announced the issuance of "Medium-Term Notes, Series S, Principal at Risk Securities Linked to the MSCI EAFE Index®" on July 23, 2018.
- 2The filing's primary purpose is to provide the official documentation for these newly issued notes.
- 3Key documents filed include the form of the note and a legal opinion from Faegre Baker Daniels LLP.
- 4The notes are linked to the performance of the MSCI EAFE Index, an index representing developed market equities in Europe, Australasia, and the Far East.
- 5The "Principal at Risk" designation indicates potential loss of principal based on the index's performance.
- 6This filing is part of a Registration Statement on Form S-3.
- 7The company is not an emerging growth company and has not elected to use extended transition periods for accounting standards.