Summary
Wells Fargo & Company/MN (WFC) filed an 8-K on September 26, 2018, to report the issuance of three new series of Medium-Term Notes. These notes are linked to either the S&P 500® Index or the 10-Year Constant Maturity Swap Rate, with maturities ranging from 2020 to 2028. The purpose of the filing is to provide the specific forms of these debt instruments and the legal opinion from Faegre Baker Daniels LLP concerning them, as part of a broader Registration Statement on Form S-3.
Key Highlights
- 1Wells Fargo issued new Medium-Term Notes with varying maturities (2020, 2022, 2028).
- 2Two series of notes are linked to the performance of the S&P 500® Index.
- 3One series of notes is linked to the 10-Year Constant Maturity Swap Rate.
- 4The filing includes the specific forms of these debt securities.
- 5A legal opinion from Faegre Baker Daniels LLP regarding the notes is also filed.
- 6These issuances are part of a larger Registration Statement on Form S-3.
Frequently Asked Questions
The primary purpose of this 8-K filing is to formally report the issuance of new Medium-Term Notes and to file the associated documentation, including the forms of the notes and a legal opinion, with the SEC.
The new notes are linked to either the S&P 500® Index (for two series) or the 10-Year Constant Maturity Swap Rate (for one series).
The notes have three different maturity dates: September 24, 2020; September 26, 2022; and September 26, 2028.
The legal opinion regarding these notes was provided by Faegre Baker Daniels LLP.