8-KExhibits & Filings

WELLS FARGO & COMPANY/MN 8-K Report, Exhibit Filing (Aug 23, 2019)

Filed August 23, 2019For Securities:WFCWFC-PDWFC-PCWFC-PYWFC-PAWFC-PLWFCNPWFC-PZ

Summary

This Wells Fargo & Company (WFC) 8-K filing from August 23, 2019, primarily serves to disclose the issuance of new financial instruments and related documentation. Specifically, it announces the issuance of Medium-Term Notes, Series A, Principal at Risk Securities Linked to the S&P 500® Value Index due August 23, 2024, by its subsidiary Wells Fargo Finance LLC. These Notes are fully and unconditionally guaranteed by Wells Fargo & Company. The filing's core purpose is to provide investors with the relevant legal and structural details surrounding this debt offering. It includes the form of the note itself and a legal opinion from Faegre Baker Daniels LLP confirming the validity of the Notes and the Guarantee. Investors should note that this is a disclosure event related to debt issuance, not a report of financial performance or a material event impacting the company's ongoing operations.

Key Highlights

  • 1Wells Fargo Finance LLC issued new Medium-Term Notes, Series A, Principal at Risk Securities Linked to the S&P 500® Value Index.
  • 2The Notes have a maturity date of August 23, 2024.
  • 3Wells Fargo & Company (WFC) provides a full and unconditional guarantee for these Notes.
  • 4The filing includes the form of the Note as an exhibit.
  • 5A legal opinion from Faegre Baker Daniels LLP regarding the Notes and the Guarantee is filed.
  • 6A consent from Faegre Baker Daniels LLP is also included as part of the filing.

Frequently Asked Questions

The primary purpose of this 8-K filing is to disclose the issuance of new debt securities by Wells Fargo Finance LLC, specifically Medium-Term Notes, Series A, Principal at Risk Securities Linked to the S&P 500® Value Index, and to file the related documentation, including the form of the note and a legal opinion.

Wells Fargo & Company (WFC) acts as the guarantor for the Medium-Term Notes issued by its subsidiary, Wells Fargo Finance LLC. This means WFC is fully and unconditionally responsible for the payment obligations related to these Notes.

The Notes are Medium-Term Notes, Series A, Principal at Risk Securities, linked to the performance of the S&P 500® Value Index, and they mature on August 23, 2024. The 'Principal at Risk' designation suggests that the repayment of principal may be subject to certain conditions tied to the performance of the underlying index.

No, this filing does not report new financial results, quarterly earnings, or significant operational changes. It is purely a disclosure related to the issuance of specific debt securities and the associated legal documentation.