Summary
This 8-K filing by Wells Fargo & Company/MN (WFC) on August 21, 2019, pertains to the issuance of new debt instruments. Specifically, Wells Fargo Finance LLC, with a guarantee from Wells Fargo & Company, has issued "Medium-Term Notes, Series A, Principal at Risk Securities" linked to the MSCI EAFE Index® and the S&P 500® Index, with a maturity date of November 22, 2021. For investors, the key takeaway is that WFC is engaging in the issuance of structured debt products. These "Principal at Risk Securities" indicate a potential loss of principal tied to the performance of the referenced stock market indices. This filing serves to provide the formal documentation, including the forms of the notes and a legal opinion on their validity and the guarantee, for these specific offerings, which are part of a broader registration statement.
Key Highlights
- 1Wells Fargo Finance LLC issued Medium-Term Notes, Series A, Principal at Risk Securities.
- 2The Notes are linked to the performance of the MSCI EAFE Index® and the S&P 500® Index.
- 3The maturity date for these Notes is November 22, 2021.
- 4Wells Fargo & Company provides a full and unconditional guarantee for these Notes.
- 5The filing includes the forms of the notes and a legal opinion from Faegre Baker Daniels LLP.
- 6These issuances are related to a previously filed Form S-3 Registration Statement.
- 7The "Principal at Risk" nature of the securities implies potential loss of invested principal based on index performance.