8-KExhibits & Filings

WELLS FARGO & COMPANY/MN 8-K Report, Exhibit Filing (Dec 21, 2018)

Filed December 21, 2018For Securities:WFCWFC-PDWFC-PCWFC-PYWFC-PAWFC-PLWFCNPWFC-PZ

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.

Frequently Asked Questions

The main purpose of this 8-K filing is to formally disclose the forms of three new issuances of Wells Fargo's Medium-Term Notes and to provide the legal opinion of Faegre Baker Daniels LLP related to these notes. This is being done in connection with a prior registration statement.

Wells Fargo issued three types of Medium-Term Notes: Series S Principal at Risk Securities Linked to the S&P 500 Index, Series T Notes with a fixed maturity date, and Series T Notes Linked to the 10-Year Constant Maturity Swap Rate.

The maturity dates for the newly issued notes vary. The Series S notes linked to the S&P 500 Index mature on June 23, 2021. The Series T notes with a fixed maturity date mature on December 21, 2023, and the Series T notes linked to the 10-Year Constant Maturity Swap Rate mature on December 21, 2028.

No, this specific 8-K filing does not detail the principal amounts, interest rates, or other specific financial terms of the notes. It focuses on providing the legal documentation (forms of notes and legal opinions) for these issuances.