Summary
This Wells Fargo & Company (WFC) 8-K filing from April 23, 2019, primarily concerns the issuance of new debt securities. Specifically, Wells Fargo Finance LLC, with a guarantee from Wells Fargo & Company, issued Medium-Term Notes, Series A, Principal at Risk Securities Linked to the iShares® MSCI EAFE ETF, due July 22, 2020. The filing's purpose is to provide the form of these Notes and legal opinions related to their issuance and guarantee.
Key Highlights
- 1Wells Fargo Finance LLC issued new Medium-Term Notes, Series A.
- 2The Notes are linked to the iShares® MSCI EAFE ETF.
- 3The maturity date for these Notes is July 22, 2020.
- 4Wells Fargo & Company provides a full and unconditional guarantee for these Notes.
- 5The filing includes the form of the Notes and a legal opinion from Faegre Baker Daniels LLP.
- 6This filing is related to a Registration Statement on Form S-3.
Frequently Asked Questions
The main purpose of this filing is to disclose the details and legal documentation surrounding the issuance of new debt securities, specifically Medium-Term Notes, Series A, by Wells Fargo Finance LLC, guaranteed by Wells Fargo & Company.
These are a type of structured note where the principal repayment is linked to the performance of an underlying asset, in this case, the iShares® MSCI EAFE ETF. The principal amount received at maturity may be less than the original investment if the underlying asset performs poorly.
Wells Fargo & Company provides a full and unconditional guarantee for these Notes issued by Wells Fargo Finance LLC.
The Notes are due on July 22, 2020.