Summary
Wells Fargo & Company (WFC) filed an 8-K on April 18, 2019, primarily to report the issuance of new debt securities. The filing includes the forms of the "Medium-Term Notes, Series T" due April 18, 2034, and "Medium-Term Notes, Series A" which are Principal at Risk Securities linked to the S&P 500® Index, maturing in October 2020 and July 2021, respectively. These Series A Notes are fully guaranteed by Wells Fargo & Company. The purpose of this filing is to provide investors with the official documentation for these debt issuances, including legal opinions from Faegre Baker Daniels LLP concerning the Series T Notes, and the Series A Notes and their Guarantee. Investors should note that the Series A Notes are principal-at-risk instruments, meaning their returns, and potentially their principal, are tied to the performance of the S&P 500® Index.
Key Highlights
- 1WFC filed an 8-K on April 18, 2019, to disclose new debt issuances.
- 2The company issued Medium-Term Notes, Series T, with a maturity date of April 18, 2034.
- 3Wells Fargo Finance LLC issued Medium-Term Notes, Series A, which are Principal at Risk Securities linked to the S&P 500® Index.
- 4The Series A Notes have maturity dates in October 2020 and July 2021.
- 5Wells Fargo & Company provided a full and unconditional guarantee for the Series A Notes.
- 6The filing includes the official forms of the notes and legal opinions from Faegre Baker Daniels LLP.
- 7The Series A Notes carry principal risk tied to the S&P 500® Index performance.