8-KExhibits & Filings

WELLS FARGO & COMPANY/MN 8-K Report, Exhibit Filing (Sep 20, 2019)

Filed September 20, 2019For Securities:WFCWFC-PDWFC-PCWFC-PYWFC-PAWFC-PLWFCNPWFC-PZ

Summary

This Wells Fargo & Company (WFC) 8-K filing from September 20, 2019, primarily serves to disclose the issuance of new Medium-Term Notes, Series A, Principal at Risk Securities Linked to the S&P 500® Index by its subsidiary, Wells Fargo Finance LLC. These notes are backed by a full and unconditional guarantee from the parent company, Wells Fargo & Company. The filing includes the form of the note and the legal opinion of Faegre Baker Daniels LLP regarding the notes and the guarantee as exhibits. This filing does not contain material financial updates or operational changes for the company itself but rather details a specific debt issuance instrument. For investors, this filing is important for understanding the types of financial products Wells Fargo offers and the structure of its debt issuances. The "Principal at Risk" nature of these notes suggests they are structured products with potential for both enhanced returns and capital loss, linked to the performance of the S&P 500® Index. Investors considering these specific notes should carefully review the full terms and risks associated with them, as detailed in the filed exhibits, and understand that this filing is purely for informational and legal compliance regarding this particular debt instrument.

Key Highlights

  • 1Wells Fargo Finance LLC issued new Medium-Term Notes, Series A, Principal at Risk Securities.
  • 2These notes are linked to the performance of the S&P 500® Index.
  • 3Wells Fargo & Company 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 guarantee is also filed.
  • 6The purpose of the filing is to make these documents publicly available as required.
  • 7This is a disclosure of a specific debt issuance, not a broad financial update for WFC.

Frequently Asked Questions

The primary purpose of this filing is to publicly disclose the details of a new debt issuance by Wells Fargo Finance LLC: Medium-Term Notes, Series A, Principal at Risk Securities Linked to the S&P 500® Index. It includes the form of the note and a legal opinion as exhibits.

'Principal at Risk' indicates that the investor could lose a portion or all of their initial investment depending on the performance of the underlying asset, which in this case is the S&P 500® Index. The structure of these notes typically involves potential for higher returns but also carries the risk of capital loss.

No, this filing is primarily a disclosure of a specific financial product (debt issuance) and its associated legal documentation. It does not provide information on Wells Fargo's overall financial performance, earnings, or a change in its strategic direction.

Wells Fargo & Company (the parent company) provides a full and unconditional guarantee for these notes. This means Wells Fargo & Company is liable for the payment obligations of Wells Fargo Finance LLC under these notes.