8-KExhibits & Filings

WELLS FARGO & COMPANY/MN 8-K Report, Exhibit Filing (Jul 2, 2019)

Filed July 2, 2019For Securities:WFCWFC-PDWFC-PCWFC-PYWFC-PAWFC-PLWFCNPWFC-PZ

Summary

Wells Fargo & Company/MN (WFC) filed an 8-K report on July 2, 2019, to disclose details regarding the issuance of new Medium-Term Notes, Series A, by its subsidiary Wells Fargo Finance LLC. These notes are structured as various debt instruments with returns or principal repayment linked to the performance of market indices like the S&P 500® Index and the Russell 2000® Index. The parent company, Wells Fargo & Company, provides a full and unconditional guarantee for these debt obligations. This filing primarily serves to make publicly available the forms of these specific notes and the legal opinion from Faegre Baker Daniels LLP concerning their validity and the guarantee. For investors, this report highlights the ongoing debt issuance activities of Wells Fargo Finance LLC, backed by the parent company's guarantee, and indicates the company's use of structured financial products tied to market performance.

Key Highlights

  • 1Wells Fargo Finance LLC issued three new series of Medium-Term Notes, Series A.
  • 2The notes are linked to the performance of the S&P 500® Index and the Russell 2000® Index.
  • 3One series of notes is structured as 'Principal at Risk Securities Linked to the Lowest Performing' index.
  • 4Another series is 'Partial Principal at Risk Securities Linked to the S&P 500® Index'.
  • 5Wells Fargo & Company provides a full and unconditional guarantee for all issued notes.
  • 6The filing includes the forms of these notes and a legal opinion from Faegre Baker Daniels LLP.
  • 7These issuances are related to an existing Registration Statement on Form S-3.

Frequently Asked Questions

The primary purpose of this 8-K filing is to publicly disclose the forms of three new Medium-Term Notes, Series A, issued by Wells Fargo Finance LLC, and the legal opinion from Faegre Baker Daniels LLP regarding these notes and the guarantee provided by Wells Fargo & Company.

The notes are debt instruments with their principal or return linked to the performance of equity indices, specifically the S&P 500® Index and the Russell 2000® Index. Some notes are characterized as 'Principal at Risk' or 'Partial Principal at Risk,' indicating potential loss of principal based on market performance.

Yes, Wells Fargo & Company provides a full and unconditional guarantee for all the Medium-Term Notes, Series A, issued by Wells Fargo Finance LLC. This means Wells Fargo & Company is responsible for the obligations of these notes.

This filing concerns the issuance of these notes and makes their forms and associated legal opinions available. It does not directly state whether these specific issuances are listed on an exchange or publicly traded, but they are part of a Registration Statement on Form S-3, which is typically used for public offerings of securities.