Why is Wells Fargo filing this 8-K?

This 8-K filing is to formally disclose and provide the necessary documentation for the issuance of these two series of Medium-Term Notes. It includes the forms of the notes themselves and a legal opinion confirming their compliance with relevant regulations.

Are these notes suitable for all investors?

Given that Series S are 'Principal at Risk Securities,' they are likely complex instruments with higher risk profiles. These are generally not suitable for all investors and would require a thorough understanding of the underlying ETF's performance, market volatility, and the potential for capital loss. Investors should consult with a financial advisor before considering such investments.

Where can I find more details about these notes?

The 8-K filing itself contains the forms of the notes (Exhibits 4.1 and 4.2) and the legal opinion (Exhibit 5.1). Investors seeking further information should review these exhibits and the associated Registration Statement on Form S-3 (File No. 333-221324).

WELLS FARGO & COMPANY/MN 8-K SEC Disclosure

Q: What are the key features of the new Medium-Term Notes issued by Wells Fargo?

Wells Fargo issued two series of Medium-Term Notes. Series S is a "Principal at Risk Securities" linked to the VanEck Vectors® Gold Miners ETF, maturing on October 26, 2021. Series T is linked to the 10-Year Constant Maturity Swap Rate, maturing on October 26, 2028. The "Principal at Risk" designation for Series S means investors could lose principal if the ETF's performance is unfavorable.

Summary

Wells Fargo & Company (WFC) filed an 8-K on October 26, 2018, primarily to disclose the issuance of two new series of Medium-Term Notes. These notes are linked to specific financial instruments: Series S is tied to the VanEck Vectors® Gold Miners ETF, and Series T is linked to the 10-Year Constant Maturity Swap Rate. The filing includes the forms of these notes and a legal opinion from Faegre Baker Daniels LLP regarding their issuance. For investors, this filing indicates Wells Fargo's ongoing strategy of offering diverse debt instruments to the market. The "Principal at Risk Securities" nature of Series S suggests a structured product with potential for both principal loss and enhanced returns, dependent on the performance of the gold miners ETF. Investors considering these notes should carefully evaluate the associated risks and potential rewards, as well as the underlying assets' market dynamics.

Key Highlights

1Wells Fargo & Company issued two new series of Medium-Term Notes on October 25, 2018.
2Series S notes are Principal at Risk Securities linked to the VanEck Vectors® Gold Miners ETF with a maturity date of October 26, 2021.
3Series T notes are linked to the 10-Year Constant Maturity Swap Rate with a maturity date of October 26, 2028.
4The filing includes the specific forms of these newly issued notes.
5A legal opinion from Faegre Baker Daniels LLP regarding the notes has been filed.
6The purpose of the 8-K filing is to provide the necessary documentation for these securities issuances.
7This filing is associated with a Registration Statement on Form S-3 (File No. 333-221324).

WELLS FARGO & COMPANY/MN 8-K Report, Exhibit Filing (Oct 26, 2018)

Summary

Key Highlights

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