Summary
Wells Fargo & Company/MN (WFC) filed an 8-K report on October 21, 2019, primarily to disclose the issuance of new Medium-Term Notes, Series A, Principal at Risk Securities. These notes are linked to the performance of the Russell 2000® Index, the S&P 500® Index, and the EURO STOXX 50® Index, with a maturity date of October 19, 2029. The issuance involves Wells Fargo Finance LLC as the issuer and Wells Fargo & Company as the guarantor, providing full and unconditional backing for these notes. This filing's main purpose is to provide the formal documentation for these new debt securities, including the form of the note itself and a legal opinion from Faegre Baker Daniels LLP confirming the validity of both the notes and the guarantee. Investors should note that this is a disclosure of a specific debt issuance rather than a report on the company's overall financial performance or operational changes.
Key Highlights
- 1Wells Fargo Finance LLC issued new Medium-Term Notes, Series A, Principal at Risk Securities.
- 2The Notes are linked to the performance of the Russell 2000®, S&P 500®, and EURO STOXX 50® indices.
- 3The maturity date for these Notes is October 19, 2029.
- 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 regarding the Notes and Guarantee is also filed.
- 7This filing relates to a previous Registration Statement on Form S-3.