Who issued these new notes and who guarantees them?

Wells Fargo Finance LLC issued these Medium-Term Notes, Series A. Wells Fargo & Company provides a full and unconditional guarantee for these notes.

What does 'Principal at Risk Securities' mean for investors?

'Principal at Risk Securities' indicates that investors could lose a portion or all of their principal investment. The return, and potentially the principal, is linked to the performance of the underlying index (Russell 2000® or S&P 500®). Investors should carefully review the specific terms and conditions of these notes to understand the risks involved.

Where can I find more details about the terms of these notes?

The detailed terms of the notes are found within the 'Form of Medium-Term Notes, Series A, Principal at Risk Securities' exhibits (Exhibit 4.1 and 4.2) filed with this 8-K. The legal opinion (Exhibit 5.1) provides further insight into their legal standing.

WELLS FARGO & COMPANY/MN 8-K SEC Disclosure

Q: What is the main purpose of this 8-K filing?

The primary purpose of this 8-K filing is to publicly disclose the forms of the newly issued Medium-Term Notes, Series A, which are Principal at Risk Securities linked to the Russell 2000® Index and the S&P 500® Index, and to file the legal opinion from Faegre Drinker Biddle & Reath LLP related to these notes and Wells Fargo & Company's guarantee.

Summary

Wells Fargo & Company/MN (WFC) filed an 8-K on February 25, 2020, primarily to report the issuance of new Medium-Term Notes, Series A. These notes, specifically "Principal at Risk Securities" linked to the Russell 2000® Index and the S&P 500® Index, were issued by Wells Fargo Finance LLC and are fully guaranteed by Wells Fargo & Company. This filing serves to make public the official forms of these specific note issuances and the legal opinion from Faegre Drinker Biddle & Reath LLP concerning the notes and the guarantee. Investors interested in the debt instruments offered by Wells Fargo should review these filings for details on the terms and legal standing of these new securities.

Key Highlights

1Wells Fargo Finance LLC issued new Medium-Term Notes, Series A, on February 24, 2020.
2The notes are "Principal at Risk Securities" linked to major market indices: Russell 2000® Index and S&P 500® Index.
3Wells Fargo & Company provides a full and unconditional guarantee for these notes.
4The 8-K filing includes the official forms of the issued notes as exhibits.
5A legal opinion from Faegre Drinker Biddle & Reath LLP regarding the notes and the guarantee is filed.
6This filing relates to a Registration Statement on Form S-3 previously filed by Wells Fargo & Company and Wells Fargo Finance LLC.

WELLS FARGO & COMPANY/MN 8-K Report, Exhibit Filing (Feb 25, 2020)

Summary

Key Highlights

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