Summary
Wells Fargo & Company/MN (WFC) filed an 8-K on September 27, 2019, to disclose the issuance of several series of Medium-Term Notes, Series A, by its subsidiary, Wells Fargo Finance LLC. These notes are principal-at-risk securities linked to various indices, including the EURO STOXX 50®, the S&P 500®, and the Russell 2000®. The parent company, Wells Fargo & Company, provides a full and unconditional guarantee for these notes. This filing primarily serves to provide the necessary documentation for these new debt issuances. Investors in these specific notes should review the forms of the notes and the accompanying legal opinions to understand the terms, risks, and conditions associated with their investment. The filing does not contain new financial statements or material changes in the company's overall financial performance, but rather details specific debt instruments being offered.
Key Highlights
- 1Wells Fargo Finance LLC issued multiple series of Medium-Term Notes, Series A.
- 2These notes are 'Principal at Risk Securities', meaning investors could lose principal.
- 3The performance of these notes is linked to underlying stock market indices (EURO STOXX 50®, S&P 500®, Russell 2000®).
- 4Wells Fargo & Company provides a full and unconditional guarantee for these issued notes.
- 5The filing includes the forms of the notes and a legal opinion from Faegre Baker Daniels LLP.
- 6This 8-K primarily serves to file exhibits related to these debt offerings.