Summary
This Wells Fargo & Company/MN (WFC) 8-K filing from March 20, 2019, primarily concerns the issuance of new financial instruments by its subsidiary, Wells Fargo Finance LLC. Specifically, it announces the issuance of Medium-Term Notes, Series A, Principal at Risk Securities Linked to the S&P 500® Index due January 20, 2021. These Notes are fully and unconditionally guaranteed by the parent company, Wells Fargo & Company. The primary purpose of this filing is to provide the regulatory documentation related to this debt issuance. Investors should note that this filing does not disclose any new financial results, operational changes, or material adverse events concerning Wells Fargo & Company itself. Instead, it serves to officially record the details and legal opinions surrounding these specific notes as required by SEC regulations.
Key Highlights
- 1Wells Fargo Finance LLC issued Medium-Term Notes, Series A, Principal at Risk Securities Linked to the S&P 500® Index.
- 2The Notes have a maturity date of January 20, 2021.
- 3Wells Fargo & Company provides a full and unconditional guarantee for these Notes.
- 4The filing includes the form of the Medium-Term Notes as an exhibit.
- 5An opinion from Faegre Baker Daniels LLP regarding the Notes and the Guarantee is included.
- 6A consent from Faegre Baker Daniels LLP is also filed as part of the exhibits.