Summary
Wells Fargo & Company (WFC) filed an 8-K on May 24, 2019, primarily to report the issuance of new debt instruments by its subsidiary, Wells Fargo Finance LLC. These are Medium-Term Notes, Series A, Principal at Risk Securities Linked to the S&P 500® Index. The parent company, Wells Fargo & Company, has provided a full and unconditional guarantee for these notes. This filing serves to make the official documentation for these notes and the accompanying legal opinions publicly accessible as part of a previously filed Registration Statement on Form S-3.
Key Highlights
- 1Wells Fargo Finance LLC issued new Medium-Term Notes, Series A.
- 2These notes are Principal at Risk Securities Linked to the S&P 500® Index.
- 3Wells Fargo & Company provided a full and unconditional guarantee for the notes.
- 4The purpose of the 8-K filing is to provide investors and the SEC with the official documentation and legal opinions related to this debt issuance.
- 5This filing is associated with a prior Form S-3 Registration Statement (File Nos. 333-221324 and 333-221324-01).
Frequently Asked Questions
The primary purpose of this 8-K filing is to officially publish the legal documentation (form of note) and related legal opinions concerning the issuance of new Medium-Term Notes, Series A, by Wells Fargo Finance LLC, which are guaranteed by Wells Fargo & Company.
Wells Fargo Finance LLC issued Medium-Term Notes, Series A, which are characterized as Principal at Risk Securities Linked to the S&P 500® Index. This means their return is tied to the performance of the S&P 500® Index, and there is a risk to the principal amount invested.
Yes, Wells Fargo & Company has provided a full and unconditional guarantee for these Medium-Term Notes issued by its subsidiary, Wells Fargo Finance LLC.
The official documentation, including the form of the note and the opinion of Faegre Baker Daniels LLP, is filed as exhibits to this 8-K filing.