8-KExhibits & Filings

WELLS FARGO & COMPANY/MN 8-K Report, Exhibit Filing (Sep 25, 2018)

Filed September 25, 2018For Securities:WFCWFC-PDWFC-PCWFC-PYWFC-PAWFC-PLWFCNPWFC-PZ

Summary

Wells Fargo & Company (WFC) filed an 8-K on September 25, 2018, primarily to disclose the issuance of new Medium-Term Notes, Series S, Principal at Risk Securities Linked to the S&P 500® Index. These notes represent a new debt instrument issued by the company. The filing includes the specific form of these notes and the legal opinion from Faegre Baker Daniels LLP regarding their issuance and structure.

Key Highlights

  • 1Wells Fargo issued new Medium-Term Notes, Series S, Principal at Risk Securities Linked to the S&P 500® Index on September 24, 2018.
  • 2The filing is primarily to disclose the documentation related to this new debt issuance.
  • 3The Notes are linked to the performance of the S&P 500® Index, implying a potential for principal loss if the index underperforms.
  • 4Key exhibits filed include the form of the Note itself (Exhibit 4.1).
  • 5A legal opinion from Faegre Baker Daniels LLP (Exhibit 5.1) regarding the Notes is also included.
  • 6Consent from Faegre Baker Daniels LLP (Exhibit 23.1) is provided, allowing their opinion to be used in connection with SEC filings.

Frequently Asked Questions

The primary purpose of this 8-K filing is to formally disclose the terms and documentation related to Wells Fargo's issuance of new Medium-Term Notes, Series S, Principal at Risk Securities Linked to the S&P 500® Index.

Principal at Risk Securities are investment products where the return is linked to an underlying asset (in this case, the S&P 500® Index), but there is a risk of losing some or all of the principal investment if the underlying asset's performance is unfavorable.

No, this filing is administrative in nature. It pertains to the issuance of a specific type of debt security and does not contain information about the company's overall financial performance, strategic shifts, or material business events.

More details about the terms of these new notes can be found by reviewing Exhibit 4.1 (Form of Note) which is filed as part of this 8-K report. The legal opinion in Exhibit 5.1 may also provide insights into the structure and implications of these securities.