Summary
This Wells Fargo & Company (WFC) 8-K filing from December 21, 2018, primarily serves to disclose the details of three new issuances of Medium-Term Notes. These notes are being filed in connection with a previously filed Form S-3 Registration Statement. The issuances include notes linked to the S&P 500 Index, standard principal notes, and notes linked to the 10-Year Constant Maturity Swap Rate, with various maturity dates ranging from 2021 to 2028. For investors, this filing signifies the company's ongoing efforts to raise capital through debt issuance. While not detailing the specific terms of the principal amounts or interest rates for these notes, it provides access to the form of each note and the legal opinion from Faegre Baker Daniels LLP concerning them. This allows interested parties to examine the contractual terms and legal standing of these new debt instruments.
Key Highlights
- 1Wells Fargo issued three new series of Medium-Term Notes on December 21, 2018.
- 2The issuances are related to a Form S-3 Registration Statement (File No. 333-221324).
- 3The notes include various structures: Principal at Risk Securities Linked to the S&P 500 Index, standard notes, and notes linked to the 10-Year Constant Maturity Swap Rate.
- 4Maturity dates for the notes range from June 23, 2021, to December 21, 2028.
- 5The filing includes the specific forms of each Medium-Term Note series as exhibits.
- 6A legal opinion from Faegre Baker Daniels LLP regarding the Notes is also filed.
- 7A consent from Faegre Baker Daniels LLP is included as part of the legal opinion exhibit.