Summary
Wells Fargo & Company (WFC) filed an 8-K on December 26, 2018, to disclose the issuance of new Medium-Term Notes, Series S. These notes are structured as 'Principal at Risk Securities', meaning that the principal amount invested could be lost depending on market performance. Specifically, two series of notes are detailed: one linked to the performance of the S&P 500®, Russell 2000®, and EURO STOXX 50® indices, and another linked solely to the S&P 500® index. The issuance date for these notes is December 26, 2018, with a maturity date of December 29, 2021. This filing serves primarily to provide investors with the official documentation related to these notes. It includes the forms of the notes themselves and a legal opinion from Faegre Baker Daniels LLP. Investors should note that these are complex financial products with the potential for principal loss, and their performance is tied to specific market indices.
Key Highlights
- 1Wells Fargo issued new "Principal at Risk Securities" under its Medium-Term Notes, Series S program.
- 2Two specific note series are detailed, with maturity dates in December 2021.
- 3One note series is linked to the performance of the S&P 500®, Russell 2000®, and EURO STOXX 50® indices.
- 4The second note series is linked solely to the performance of the S&P 500® index.
- 5The filing includes the official forms of these notes as exhibits.
- 6A legal opinion from Faegre Baker Daniels LLP regarding the notes is also provided.
- 7These are structured products where principal invested is at risk based on index performance.