Summary
Wells Fargo & Company/MN (WFC) filed a Form 8-K on January 6, 2020, primarily to disclose the issuance of new Medium-Term Notes, Series A, by its subsidiary Wells Fargo Finance LLC. These notes are structured as 'Principal at Risk Securities,' meaning the return of principal is subject to certain market conditions linked to equity index baskets and the EURO STOXX 50® Index. The issuance includes notes maturing in July 2021 and January 2025.
Key Highlights
- 1Wells Fargo Finance LLC issued two series of Medium-Term Notes, Series A, on January 5, 2020.
- 2The notes are classified as 'Principal at Risk Securities,' indicating potential loss of principal.
- 3The securities are linked to an Equity Index Basket and the EURO STOXX 50® Index.
- 4Maturity dates for the notes are July 6, 2021, and January 3, 2025.
- 5Wells Fargo & Company provides a full and unconditional guarantee for these notes.
- 6The filing includes the forms of the notes and a legal opinion from Faegre Baker Daniels LLP regarding the notes and the guarantee.