Summary
Wells Fargo & Company/MN (WFC) filed a Current Report (8-K) on November 27, 2019, primarily to disclose the issuance of new debt securities. The company, through its subsidiary Wells Fargo Finance LLC, has issued both Medium-Term Notes, Series T, and Medium-Term Notes, Series A. The Series T Notes include maturities in 2024 and 2034, while the Series A Notes are more complex, linked to various equity indices and with shorter maturities. The Series A Notes are fully and unconditionally guaranteed by Wells Fargo & Company.
Key Highlights
- 1Wells Fargo & Company/MN (WFC) announced the issuance of Medium-Term Notes, Series T, with maturities in November 2024 and November 2034.
- 2Wells Fargo Finance LLC issued Medium-Term Notes, Series A, which are linked to equity index baskets.
- 3The Series A Notes have various maturities including December 2022 and August 2021.
- 4The Series A Notes include specific structures such as Capped Notes and Principal at Risk Securities.
- 5Wells Fargo & Company provides a full and unconditional guarantee for the Series A Notes.
- 6The filing includes the forms of these notes and legal opinions from Faegre Baker Daniels LLP regarding their issuance.
- 7This filing is in connection with a previously filed Registration Statement on Form S-3.