Summary
This 8-K filing by Wells Fargo & Company/MN (WFC) on October 31, 2019, primarily serves to disclose the forms of various Medium-Term Notes (MTNs) and related legal opinions issued by the company and its subsidiary, Wells Fargo Finance LLC. Investors should note the issuance of Series T Notes due October 28, 2022, and several Series A Notes by Wells Fargo Finance LLC, including equity-linked and principal-at-risk securities with varying maturity dates and underlying indices or stocks. The filing also details that these Series A Notes are fully and unconditionally guaranteed by Wells Fargo & Company. The purpose of this report is to provide the SEC with the official documentation for these debt issuances, including the forms of the notes themselves and legal opinions from Faegre Baker Daniels LLP, which attest to the legality and validity of these instruments. For investors holding or considering these specific note issuances, this filing provides crucial reference material regarding their terms and legal backing.
Key Highlights
- 1Wells Fargo & Company/MN (WFC) filed an 8-K on October 31, 2019, primarily to disclose debt issuance documents.
- 2The company, through its subsidiary Wells Fargo Finance LLC, issued Medium-Term Notes (MTNs).
- 3Included in the issuance are Series T Notes due October 28, 2022.
- 4Series A Notes issued by Wells Fargo Finance LLC include equity-linked notes tied to Bristol-Myers Squibb Company stock and principal-at-risk securities linked to indices like the Dow Jones Industrial Average®, Russell 2000® Index, and S&P 500®.
- 5Wells Fargo & Company provides a full and unconditional guarantee for the Series A Notes.
- 6The filing includes the forms of the notes and legal opinions from Faegre Baker Daniels LLP regarding their validity.
- 7This report serves as a regulatory disclosure for specific debt instruments rather than reporting financial performance.