8-KExhibits & Filings

WELLS FARGO & COMPANY/MN 8-K Report, Exhibit Filing (Oct 18, 2018)

Filed October 18, 2018For Securities:WFCWFC-PDWFC-PCWFC-PYWFC-PAWFC-PLWFCNPWFC-PZ

Summary

This 8-K filing from Wells Fargo & Company/MN (WFC) primarily announces the issuance of new Medium-Term Notes, Series S, Principal at Risk Securities. These notes are linked to the performance of the S&P 500® Index and the EURO STOXX 50® Index, with a maturity date of October 20, 2021. The filing itself is procedural, serving to officially submit the form of these notes and the related legal opinion to the SEC as part of an existing registration statement. For investors, this report indicates Wells Fargo's ongoing activity in the structured products market. The "Principal at Risk" nature of these notes means that investors could lose a portion or all of their principal investment if the performance of the linked indices is not favorable. While this filing doesn't provide details on the specific terms or pricing of the notes, it highlights the company's continued issuance of debt instruments tied to market performance, which can be a component of their broader financial operations and capital raising strategies.

Key Highlights

  • 1Wells Fargo & Company/MN (WFC) filed an 8-K on October 18, 2018.
  • 2The filing concerns the issuance of Medium-Term Notes, Series S, Principal at Risk Securities.
  • 3These notes are linked to the performance of the S&P 500® Index and the EURO STOXX 50® Index.
  • 4The maturity date for these notes is October 20, 2021.
  • 5The filing includes the form of the notes and a legal opinion from Faegre Baker Daniels LLP.
  • 6This issuance is part of an existing Registration Statement on Form S-3.
  • 7The 'Principal at Risk' designation signifies potential loss of principal for investors.

Frequently Asked Questions

The main purpose of this 8-K filing is to officially submit the documentation related to a new issuance of Wells Fargo's Medium-Term Notes, Series S, Principal at Risk Securities. This includes the form of the notes and the legal opinion from Faegre Baker Daniels LLP, as required by securities regulations.

These are structured financial products where the return and potentially the principal are linked to the performance of specific market indices. The 'Principal at Risk' feature means that if the underlying indices (in this case, the S&P 500® Index and the EURO STOXX 50® Index) perform poorly, investors could lose some or all of their initial investment.

No, this 8-K filing does not provide specific details on the coupon rate, the exact formula for principal protection, or the precise risk-return profile of these notes. It primarily serves as a notice of issuance and the filing of related legal and offering documents. Investors would need to consult the prospectus or offering memorandum associated with this specific note issuance for such details.

Faegre Baker Daniels LLP is a law firm. Their opinion is included to provide legal assurance regarding the structure and legality of the Medium-Term Notes being issued by Wells Fargo, confirming that the notes comply with relevant legal and regulatory requirements.