Summary
Wells Fargo & Company/MN (WFC) filed an 8-K report on September 20, 2018, to announce the issuance of specific financial instruments: Medium-Term Notes, Series S, Principal at Risk Securities Linked to the S&P 500® Index, with one series due on March 20, 2020. This filing primarily serves to provide the necessary documentation and legal opinions related to these new note issuances, making them available for public record and regulatory compliance in connection with a previously filed Form S-3 Registration Statement. From an investor's perspective, this report indicates a continuation of Wells Fargo's capital markets activities, specifically the issuance of structured notes. These notes are tied to the performance of the S&P 500® Index, meaning their principal repayment is at risk depending on market movements. Investors considering these specific notes should pay close attention to the terms and conditions detailed in the filed exhibits, particularly regarding the principal at risk feature and the maturity date.
Key Highlights
- 1Wells Fargo & Company/MN (WFC) filed an 8-K on September 20, 2018, regarding new debt issuances.
- 2The filing concerns Medium-Term Notes, Series S, specifically 'Principal at Risk Securities' linked to the S&P 500® Index.
- 3One series of these notes has a maturity date of March 20, 2020.
- 4This 8-K filing is associated with a Form S-3 Registration Statement (File No. 333-221324).
- 5The purpose of the filing is to formally submit the forms of the Notes and the legal opinion from Faegre Baker Daniels LLP.
- 6The 'Principal at Risk' feature means investors could lose a portion or all of their principal investment.
- 7Exhibit 4.1 and 4.2 contain the forms of the respective Notes, and Exhibit 5.1 contains the legal opinion.