Summary
Wells Fargo & Company/MN (WFC) filed an 8-K on September 24, 2019, primarily to provide details and supporting documentation for a new issuance of Medium-Term Notes, Series A, Principal at Risk Securities Linked to the S&P 500® Index. These notes mature on June 24, 2021, and are fully and unconditionally guaranteed by Wells Fargo & Company. The filing itself does not disclose new financial results or operational changes. Instead, it serves as a regulatory requirement to attach the form of the note, a legal opinion from Faegre Baker Daniels LLP regarding the notes and the guarantee, and the consent of the law firm. Investors interested in this specific debt issuance should review the form of the note for terms, risk factors, and payout structures related to the S&P 500® Index.
Key Highlights
- 1Wells Fargo Finance LLC issued new Medium-Term Notes, Series A, Principal at Risk Securities Linked to the S&P 500® Index.
- 2The notes have a maturity date of June 24, 2021.
- 3Wells Fargo & Company provides a full and unconditional guarantee for these notes.
- 4The primary purpose of the 8-K filing is to attach the form of the note and related legal opinions.
- 5This filing is associated with a previously filed Form S-3 registration statement.
- 6No new financial performance data or material business updates are presented in this filing.