8-KExhibits & Filings

WELLS FARGO & COMPANY/MN 8-K Report, Exhibit Filing (Aug 17, 2018)

Filed August 17, 2018For Securities:WFCWFC-PDWFC-PCWFC-PYWFC-PAWFC-PLWFCNPWFC-PZ

Summary

Wells Fargo & Company (WFC) filed an 8-K report on August 17, 2018, to disclose the issuance of new financial instruments. Specifically, the company announced the creation of Medium-Term Notes, Series S, Principal at Risk Securities Linked to the S&P 500® Index, with a maturity date of September 27, 2019. This filing primarily serves to provide investors with the necessary documentation regarding these new notes. The report includes the form of the Note itself, which details its structure and terms, particularly its principal-at-risk nature tied to the S&P 500® Index. Additionally, the filing contains a legal opinion from Faegre Baker Daniels LLP regarding the Notes and their consent to be named in this capacity. For investors, this filing signifies a new debt issuance with a structured product component, requiring careful review of the underlying index performance and the principal-at-risk feature.

Key Highlights

  • 1Wells Fargo & Company issued Medium-Term Notes, Series S, Principal at Risk Securities Linked to the S&P 500® Index.
  • 2The new notes have a maturity date of September 27, 2019.
  • 3The filing includes the specific form of the Note as an exhibit.
  • 4The principal repayment of these notes is contingent upon the performance of the S&P 500® Index (Principal at Risk feature).
  • 5A legal opinion from Faegre Baker Daniels LLP regarding the Notes is included.
  • 6The filing is made in connection with a previously filed Registration Statement on Form S-3.
  • 7This is primarily a disclosure filing for a new debt issuance, not an announcement of financial results.

Frequently Asked Questions

These are debt securities where the repayment of the principal amount is linked to the performance of an underlying asset, in this case, the S&P 500® Index. If the index performs poorly, investors may lose a portion or all of their principal investment.

The primary purpose of this 8-K filing is to officially disclose the terms and documentation for the newly issued Medium-Term Notes, Series S, as required by the SEC. It provides the form of the note and related legal opinions.

The Medium-Term Notes, Series S, Linked to the S&P 500® Index mature on September 27, 2019.

No, this 8-K filing is not related to Wells Fargo's financial performance. It is a disclosure of a specific debt issuance and the associated legal documentation.