8-KExhibits & Filings

WELLS FARGO & COMPANY/MN 8-K Report, Exhibit Filing (Aug 31, 2018)

Filed August 31, 2018For Securities:WFCWFC-PDWFC-PCWFC-PYWFC-PAWFC-PLWFCNPWFC-PZ

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.

Frequently Asked Questions

Wells Fargo issued several series of Medium-Term Notes. Some of these are structured as 'Principal at Risk Securities,' meaning investors could lose principal if certain performance conditions linked to stock indices or individual stocks are not met. Other notes are linked to interest rates (10-Year Constant Maturity Swap Rate) or are standard term notes.

The main purpose of this 8-K filing is to officially file the documentation for the newly issued Medium-Term Notes. This includes the specific forms of each note series and a legal opinion from Faegre Baker Daniels LLP, as required by securities regulations for such offerings.

Detailed terms, risks, and conditions for each specific note series can be found in the exhibits attached to this 8-K filing, specifically Exhibits 4.1 through 4.5, and the related legal opinion in Exhibit 5.1. Investors should carefully review these documents before considering an investment in these notes.

No, this specific 8-K filing is focused on the issuance of debt securities (notes) and the associated legal documentation. It does not contain information about Wells Fargo's overall financial performance, earnings, or the direct financial impact of these note issuances on the company's balance sheet.