Summary
Wells Fargo & Company/MN (WFC) filed an 8-K on August 2, 2019, to report on the issuance of new financial instruments by its subsidiary, Wells Fargo Finance LLC. Specifically, the filing concerns Medium-Term Notes, Series A, Principal at Risk Securities Linked to the S&P 500® Index, with a maturity date of August 2, 2024. These notes are fully and unconditionally guaranteed by the parent company, Wells Fargo & Company. The primary purpose of this 8-K filing is to publicly disclose the official documentation related to these notes, including their forms and the legal opinion from Faegre Baker Daniels LLP. Investors should note that this filing is primarily for informational and legal compliance purposes concerning a specific debt issuance, rather than announcing significant operational or financial performance changes for the company.
Key Highlights
- 1Wells Fargo Finance LLC issued new Medium-Term Notes, Series A, linked to the S&P 500® Index.
- 2The notes have a maturity date of August 2, 2024.
- 3The issuance is structured as 'Principal at Risk Securities', indicating potential loss of principal.
- 4Wells Fargo & Company (WFC) provides a full and unconditional guarantee for these notes.
- 5The 8-K filing includes the forms of the notes and a legal opinion from Faegre Baker Daniels LLP.
- 6This filing is related to a Registration Statement on Form S-3 previously filed by the company and its subsidiary.