8-KExhibits & Filings

WELLS FARGO & COMPANY/MN 8-K Report, Exhibit Filing (Mar 4, 2019)

Filed March 4, 2019For Securities:WFCWFC-PDWFC-PCWFC-PYWFC-PAWFC-PLWFCNPWFC-PZ

Summary

Wells Fargo & Company/MN (WFC) filed an 8-K report on March 4, 2019, primarily to disclose the forms of newly issued Medium-Term Notes, Series A. These notes, issued by Wells Fargo Finance LLC and guaranteed by the parent company, are structured as "Principal at Risk Securities." This means their return is tied to the performance of specific stock market indices, and investors could lose a portion or all of their principal if the underlying indices perform poorly. Specifically, two series of notes were issued: one linked to the S&P 500® Index maturing in 2024, and another linked to the lowest performing of the S&P 500® Index, Russell 2000® Index, and EURO STOXX® 50 Index maturing in 2027. The filing also includes the legal opinion from Faegre Baker Daniels LLP regarding the validity of these notes and the guarantee, along with their consent. Investors should note that this filing pertains to specific debt issuance and not to the company's overall financial performance or operational status.

Key Highlights

  • 1Wells Fargo Finance LLC issued two series of "Principal at Risk Securities" Medium-Term Notes, Series A.
  • 2The Notes are guaranteed by Wells Fargo & Company.
  • 3One series is linked to the S&P 500® Index and matures on March 4, 2024.
  • 4The second series is linked to the lowest performing of the S&P 500® Index, Russell 2000® Index, and EURO STOXX® 50 Index, maturing on March 10, 2027.
  • 5The filing includes the legal opinion of Faegre Baker Daniels LLP concerning the Notes and the Guarantee.
  • 6This 8-K filing is primarily for the disclosure of these specific debt instruments and related legal documentation.

Frequently Asked Questions

Wells Fargo Finance LLC issued two series of Medium-Term Notes, Series A, which are structured as "Principal at Risk Securities." These notes are linked to the performance of specific stock market indices.

This means that the return on these notes is dependent on the performance of the underlying stock market indices. Investors are exposed to the risk of losing some or all of their initial investment (principal) if the linked indices do not perform as expected or fall below certain thresholds.

The Notes were issued by Wells Fargo Finance LLC and are fully and unconditionally guaranteed by the parent company, Wells Fargo & Company.

No, this specific 8-K filing is focused solely on the issuance of these particular debt securities and related legal opinions. It does not contain comprehensive financial statements or an analysis of the company's general financial condition or operational results.