Summary
This 8-K filing by Wells Fargo & Company/MN (WFC) on October 11, 2019, primarily concerns the issuance of Medium-Term Notes, Series A, Principal at Risk Securities. These notes are linked to the performance of the S&P 500® Index and the Russell 2000® Index, with a maturity date of October 13, 2020. Wells Fargo & Company provides a full and unconditional guarantee for these notes issued by its subsidiary, Wells Fargo Finance LLC. The filing's main purpose is to provide investors with the official documentation related to this specific debt issuance, including the form of the note and the legal opinion from Faegre Baker Daniels LLP regarding the notes and the guarantee. This disclosure is crucial for understanding the structure and legal standing of these particular financial instruments.
Key Highlights
- 1Wells Fargo Finance LLC issued Medium-Term Notes, Series A, Principal at Risk Securities on October 10, 2019.
- 2The notes are linked to the performance of the S&P 500® Index and the Russell 2000® Index.
- 3The maturity date for these notes is October 13, 2020.
- 4Wells Fargo & Company (WFC) provides a full and unconditional guarantee for the notes.
- 5The filing includes the form of the note as an exhibit.
- 6A legal opinion from Faegre Baker Daniels LLP concerning the notes and the guarantee is filed.
- 7The issuance is related to a Registration Statement on Form S-3 filed previously by Wells Fargo & Company and Wells Fargo Finance LLC.