Summary
Wells Fargo & Company/MN (WFC) filed an 8-K report on September 5, 2019, primarily to disclose exhibits related to a new issuance of Medium-Term Notes, Series A. These notes are linked to the S&P 500® Index and mature on September 2, 2021. The issuance was conducted by Wells Fargo Finance LLC, with Wells Fargo & Company providing a full and unconditional guarantee for these notes. This filing is procedural, serving to formally submit the documentation for these notes, including 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 8-K does not contain new financial results or material business updates, but rather formalizes the legal and structural aspects of a specific debt offering.
Key Highlights
- 1Disclosure of Medium-Term Notes, Series A issuance by Wells Fargo Finance LLC.
- 2Notes are linked to the S&P 500® Index and mature on September 2, 2021.
- 3Wells Fargo & Company provides a full and unconditional guarantee for the issued notes.
- 4Filing includes the form of the note and a legal opinion from Faegre Baker Daniels LLP.
- 5Purpose of the 8-K is to file specific exhibits related to this debt issuance.
- 6Does not contain new financial statements or material business operating updates.