Summary
This 8-K filing from Wells Fargo & Company/MN (WFC), filed on November 5, 2019, primarily serves to disclose details related to the issuance of new debt securities. Specifically, Wells Fargo Finance LLC, with a guarantee from Wells Fargo & Company, issued Medium-Term Notes, Series A, Principal at Risk Securities Linked to the SPDR® S&P 500® ETF Trust. These notes mature on November 4, 2021, and represent a new financial instrument offered by the company. The filing includes the form of these notes and the legal opinion from Faegre Baker Daniels LLP concerning their issuance and the associated guarantee. Investors should note that these are structured products, with their principal potentially at risk depending on the performance of the underlying ETF. This filing does not contain material financial updates or operational performance data but rather focuses on the documentation of a specific debt issuance.
Key Highlights
- 1Wells Fargo Finance LLC issued Medium-Term Notes, Series A, Principal at Risk Securities Linked to the SPDR® S&P 500® ETF Trust.
- 2The Notes are fully and unconditionally guaranteed by Wells Fargo & Company.
- 3The maturity date for these Notes is November 4, 2021.
- 4The filing includes the form of the Medium-Term Notes.
- 5A legal opinion from Faegre Baker Daniels LLP regarding the Notes and the Guarantee is provided.
- 6The filing also includes the consent of Faegre Baker Daniels LLP.