Summary
Wells Fargo & Company (WFC) filed an 8-K on December 9, 2019, to report the issuance of Medium-Term Notes, Series A, Principal at Risk Securities Linked to the S&P 500® Index due October 7, 2021, by its subsidiary Wells Fargo Finance LLC. These notes are fully and unconditionally guaranteed by the parent company, Wells Fargo & Company. The primary purpose of this filing is to provide investors with the official documentation related to this new debt issuance. Specifically, the filing includes the form of the Note itself, an opinion from legal counsel Faegre Baker Daniels LLP concerning the Notes and the Guarantee, and the consent of the legal counsel. This information is crucial for investors to understand the terms and legal standing of these specific financial instruments offered by the company.
Key Highlights
- 1Wells Fargo Finance LLC issued new Medium-Term Notes, Series A, Principal at Risk Securities linked to the S&P 500® Index.
- 2The notes have a maturity date of October 7, 2021.
- 3Wells Fargo & Company provides a full and unconditional guarantee for these notes.
- 4The filing includes the form of the Medium-Term Note.
- 5Legal counsel Faegre Baker Daniels LLP provided an opinion on the notes and the guarantee.
- 6The filing also contains the consent of Faegre Baker Daniels LLP.
- 7This 8-K filing is related to a prior Form S-3 registration statement.