8-KExhibits & Filings

WELLS FARGO & COMPANY/MN 8-K Report, Exhibit Filing (Oct 30, 2018)

Filed October 30, 2018For Securities:WFCWFC-PDWFC-PCWFC-PYWFC-PAWFC-PLWFCNPWFC-PZ

Summary

This Wells Fargo & Company (WFC) 8-K filing from October 30, 2018, is primarily informational, detailing the issuance of new debt securities. Specifically, the company has issued two series of Medium-Term Notes: Series S, which are Principal at Risk Securities linked to the performance of the S&P 500®, Russell 2000®, and Nasdaq-100® indices, and Series T Notes. Both series mature on October 30, 2023. Investors should note that this filing is not an offering of these securities but rather serves to provide the documentation related to their issuance. The filing includes the forms of the notes themselves and the legal opinion from Faegre Baker Daniels LLP concerning these notes. This is a routine disclosure related to the company's ongoing financing activities and its registration statement on Form S-3.

Key Highlights

  • 1Wells Fargo issued two new series of Medium-Term Notes on October 30, 2018.
  • 2Series S Notes are Principal at Risk Securities linked to the performance of three major stock indices (S&P 500®, Russell 2000®, Nasdaq-100®).
  • 3Series T Notes are standard Medium-Term Notes.
  • 4Both series of notes have a maturity date of October 30, 2023.
  • 5The filing includes the official forms of these notes and a legal opinion from Faegre Baker Daniels LLP.
  • 6This 8-K filing is a disclosure of previously issued securities, not an offering document.

Frequently Asked Questions

The primary purpose of this 8-K filing is to publicly disclose the forms of two new series of Medium-Term Notes issued by Wells Fargo on October 30, 2018, and the related legal opinion from Faegre Baker Daniels LLP. It's a regulatory requirement to provide these documents.

The 'Series S' Medium-Term Notes are described as 'Principal at Risk Securities'. This means that the return on these notes, and potentially the principal investment, is linked to the performance of the lowest performing of three major stock indices: the S&P 500® Index, the Russell 2000® Index, and the Nasdaq-100® Index. They mature on October 30, 2023.

No, this filing is not an offering of these securities. It is a disclosure of securities that have already been issued, in connection with a previously filed registration statement on Form S-3.

The legal opinion from Faegre Baker Daniels LLP, along with their consent, indicates that a third-party legal counsel has reviewed the documentation for the issuance of these notes and provided an opinion on their legality or compliance, which is a standard practice for debt issuances.