Summary
This 8-K filing from Wells Fargo & Company (WFC) on August 24, 2018, primarily serves to disclose the terms and legal opinions related to the issuance of new Medium-Term Notes, Series T. These notes consist of two tranches: one maturing on August 24, 2022, and another linked to the 10-Year Constant Maturity Swap Rate, maturing on August 24, 2028. The filing is made in conjunction with a previously filed Form S-3 registration statement.
Key Highlights
- 1Wells Fargo issued new Medium-Term Notes, Series T.
- 2Two specific tranches of notes were issued: a fixed-rate note due 2022 and a floating-rate note linked to the 10-Year Constant Maturity Swap Rate due 2028.
- 3The filing includes the forms of these notes as exhibits.
- 4The filing also includes the legal opinion of Faegre Baker Daniels LLP regarding the validity of the Notes.
- 5This report is filed as part of a broader S-3 registration statement.
- 6The event date for these issuances was August 23, 2018.
Frequently Asked Questions
The primary purpose of this 8-K filing is to formally disclose the terms and provide the associated legal opinions for two issuances of Wells Fargo's Medium-Term Notes, Series T.
Wells Fargo issued two types of Medium-Term Notes, Series T: one that matures on August 24, 2022, and another that matures on August 24, 2028, and is linked to the 10-Year Constant Maturity Swap Rate.
Yes, these issuances are related to a previously filed Registration Statement on Form S-3 (File No. 333-221324).
The filing includes the legal opinion of Faegre Baker Daniels LLP regarding the Notes, as well as their consent to be named as an expert.