Summary
Wells Fargo & Company/MN (WFC) filed an 8-K on December 12, 2019, primarily to disclose the issuance of new financial instruments. Specifically, Wells Fargo Finance LLC, with a full guarantee from Wells Fargo & Company, issued Medium-Term Notes, Series A, Principal at Risk Securities Linked to the S&P 500® Index. This filing is in connection with a prior Registration Statement on Form S-3. The primary purpose of this 8-K is to provide investors with the relevant documentation regarding this new debt issuance. This includes the form of the Note itself and the legal opinion from Faegre Baker Daniels LLP confirming the validity of the Notes and the Guarantee. Investors interested in the company's capital raising activities and its financial obligations should review these documents.
Key Highlights
- 1Wells Fargo Finance LLC issued new Medium-Term Notes, Series A, Principal at Risk Securities Linked to the S&P 500® Index.
- 2Wells Fargo & Company provided a full and unconditional guarantee for these Notes.
- 3The issuance is related to a previously filed Registration Statement on Form S-3.
- 4The 8-K filing includes the form of the Note as an exhibit.
- 5A legal opinion from Faegre Baker Daniels LLP regarding the Notes and Guarantee is filed as an exhibit.
- 6The filing also includes the consent of Faegre Baker Daniels LLP.