Summary
Wells Fargo & Company (WFC) filed an 8-K on August 31, 2018, to report the issuance of various Medium-Term Notes. These notes include a mix of principal-at-risk securities linked to specific stock indices and individual stocks (Deere & Company, D.R. Horton, Inc., Xerox Corporation), as well as notes linked to the 10-Year Constant Maturity Swap Rate and general term notes. The filing primarily serves to provide the forms of these notes and the legal opinion from Faegre Baker Daniels LLP, in connection with a previously filed Registration Statement on Form S-3. For investors, this filing indicates that Wells Fargo is actively engaging in structured note offerings. While the specific terms and investment profiles of these notes vary, they represent a form of debt issuance with potential equity or interest rate linkage. Investors interested in these specific note series should consult the referenced exhibits for detailed terms, risks, and potential returns, particularly those related to principal-at-risk structures.
Key Highlights
- 1Wells Fargo & Company issued several series of Medium-Term Notes on August 30, 2018.
- 2The issuance includes 'Principal at Risk Securities' linked to the performance of specific stocks (Deere, D.R. Horton, Xerox) and the Russell 2000® Index.
- 3Other issued notes are linked to the 10-Year Constant Maturity Swap Rate or are general term notes.
- 4The primary purpose of the 8-K filing is to attach the forms of these notes and a legal opinion from Faegre Baker Daniels LLP.
- 5These issuances are related to a prior Registration Statement on Form S-3 (File No. 333-221324).
- 6The filing does not provide specific pricing or volume details for these note issuances.