Summary
This 8-K filing from Wells Fargo & Company/MN (WFC) on November 13, 2019, primarily concerns the issuance of new financial instruments. Specifically, Wells Fargo Finance LLC, with a guarantee from Wells Fargo & Company, issued two series of Medium-Term Notes, Series A. These notes are structured as "Principal at Risk Securities" linked to specific market indices: one to the MSCI EAFE Index® and another to the lowest performing of the Nasdaq-100 Index® and the Russell 2000® Index. The filing is made to provide the necessary documentation and legal opinions related to these new debt issuances to the Securities and Exchange Commission.
Key Highlights
- 1Wells Fargo Finance LLC issued new "Principal at Risk Securities" (Medium-Term Notes, Series A).
- 2The notes are guaranteed by the parent company, Wells Fargo & Company.
- 3One series of notes is linked to the MSCI EAFE Index®.
- 4Another series of notes is linked to the performance of the Nasdaq-100 Index® and the Russell 2000® Index.
- 5The filing includes the forms of these notes and a legal opinion from Faegre Baker Daniels LLP.
- 6This filing is related to a prior Registration Statement on Form S-3.
- 7The maturity date for one of the note series is February 11, 2021.