8-KExhibits & Filings

WELLS FARGO & COMPANY/MN 8-K Report, Exhibit Filing (Feb 7, 2020)

Filed February 7, 2020For Securities:WFCWFC-PDWFC-PCWFC-PYWFC-PAWFC-PLWFCNPWFC-PZ

Summary

Wells Fargo & Company/MN (WFC) filed an 8-K on February 7, 2020, primarily to disclose information related to 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" linked to various equity indices and ETFs, with maturity dates ranging from August 2021 to February 2024. Wells Fargo & Company provides a full and unconditional guarantee for these debt instruments. The filing itself does not contain new financial results or operational updates but rather serves to officially register and provide the documentation for these specific debt offerings. Investors should note that the "Principal at Risk" nature of these securities means that the return of principal is contingent upon the performance of the underlying index or ETF, and investors could lose principal if the linked asset performs poorly.

Key Highlights

  • 1Wells Fargo Finance LLC issued new Medium-Term Notes, Series A.
  • 2The Notes are structured as "Principal at Risk Securities."
  • 3The Notes are linked to equity indices (S&P 500 Index) and an ETF (SPDR® S&P 500® ETF Trust).
  • 4Maturity dates for the Notes range from August 2021 to February 2024.
  • 5Wells Fargo & Company (WFC) fully and unconditionally guarantees the issued Notes.
  • 6The 8-K filing includes the forms of the Notes and the legal opinion from Faegre Drinker Biddle & Reath LLP.
  • 7This filing relates to a prior Form S-3 registration statement.

Frequently Asked Questions

The primary purpose of this 8-K filing is to officially register and provide the specific documentation for several issuances of Medium-Term Notes, Series A by Wells Fargo Finance LLC. This includes the forms of the notes themselves and a legal opinion, as required for these debt offerings.

"Principal at Risk Securities" means that the investor's principal investment is not fully protected. The return of the principal amount at maturity is dependent on the performance of the linked equity index or ETF. If the linked asset performs poorly, investors could lose some or all of their initial investment.

Yes, Wells Fargo & Company (WFC) provides a full and unconditional guarantee for these Medium-Term Notes, Series A issued by its subsidiary, Wells Fargo Finance LLC. This means WFC is directly responsible for the payment obligations under these notes.

No, this particular 8-K filing does not contain any new financial statements, earnings results, or operational performance updates for Wells Fargo. Its sole focus is on the disclosure of specific debt issuance documentation.