Summary
This 8-K filing by Wells Fargo & Company (WFC) primarily serves as a notification and filing of documentation related to the issuance of new debt securities. Specifically, on December 5, 2018, Wells Fargo issued Medium-Term Notes, Series S, Partial Principal at Risk Securities Linked to the S&P 500® Index, with a maturity date of December 3, 2021. These notes are linked to the performance of the S&P 500 Index, indicating a structured product with potential principal risk depending on market movements.
Key Highlights
- 1Wells Fargo issued new debt securities: Medium-Term Notes, Series S, Partial Principal at Risk Securities.
- 2The notes are linked to the S&P 500® Index, suggesting a structured product tied to equity market performance.
- 3The maturity date for these notes is December 3, 2021.
- 4The filing includes the form of the note and the legal opinion from Faegre Baker Daniels LLP.
- 5This filing is related to a previously filed Registration Statement on Form S-3.
Frequently Asked Questions
Wells Fargo issued Medium-Term Notes, Series S, Partial Principal at Risk Securities Linked to the S&P 500® Index.
The notes mature on December 3, 2021.
The notes are described as 'Partial Principal at Risk Securities,' meaning investors could lose a portion of their principal investment depending on the performance of the S&P 500® Index.
The company is filing this 8-K to formally submit the documentation related to the issuance of these new notes, including the note's form and a legal opinion, in compliance with SEC regulations and in connection with a prior registration statement.