Summary
Wells Fargo & Company filed an 8-K report on December 31, 2018, primarily to disclose the issuance of new debt securities. This filing is in connection with a previously filed Registration Statement on Form S-3. The company issued two types of Medium-Term Notes: Series S, which are Principal at Risk Securities linked to the performance of the S&P 500® Index and the Russell 2000® Index, due December 31, 2020; and Series T, which are standard Notes due December 31, 2025. The purpose of this filing is to provide investors with the official forms of these Notes and an accompanying legal opinion from Faegre Baker Daniels LLP regarding their issuance. While this 8-K does not detail the financial terms or amounts raised from these issuances, it serves as a formal notification of the creation and offering of these debt instruments, which are part of Wells Fargo's ongoing capital-raising activities.
Key Highlights
- 1Wells Fargo issued new debt securities on December 31, 2018.
- 2Two series of Medium-Term Notes were issued: Series S and Series T.
- 3Series S Notes are 'Principal at Risk Securities' linked to the performance of the S&P 500® Index and the Russell 2000® Index.
- 4Series S Notes have a maturity date of December 31, 2020.
- 5Series T Notes are standard debt notes with a maturity date of December 31, 2025.
- 6The filing includes the forms of the Notes and a legal opinion from Faegre Baker Daniels LLP.
- 7This issuance is related to a previously filed Registration Statement on Form S-3.