8-KExhibits & Filings

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

Filed March 25, 2020For Securities:WFCWFC-PDWFC-PCWFC-PYWFC-PAWFC-PLWFCNPWFC-PZ

Summary

This Wells Fargo & Company (WFC) 8-K filing from March 25, 2020, primarily serves to disclose the forms of various Medium-Term Notes, Series A, that were issued by its subsidiary, Wells Fargo Finance LLC. These notes are structured as "Principal at Risk Securities" and are linked to different equity market indices, including the S&P 500®, Russell 2000®, EURO STOXX 50®, and Dow Jones Industrial Average®. The parent company, Wells Fargo & Company, provides a full and unconditional guarantee for these debt issuances.

Key Highlights

  • 1Wells Fargo Finance LLC issued multiple series of "Principal at Risk Securities" as Medium-Term Notes.
  • 2The Notes are linked to various equity indices: S&P 500®, Russell 2000®, EURO STOXX 50®, and Dow Jones Industrial Average®.
  • 3Maturity dates for the Notes vary, with specific issuances due in March 2022 and March 2029.
  • 4Wells Fargo & Company provides a full and unconditional guarantee for all issued Notes.
  • 5The filing includes the forms of these Notes and the legal opinion from Faegre Drinker Biddle & Reath LLP regarding their validity and the guarantee.
  • 6This filing is related to a previously filed Registration Statement on Form S-3.

Frequently Asked Questions

The primary purpose of this 8-K filing is to publicly disclose the forms of several Medium-Term Notes, Series A, issued by Wells Fargo Finance LLC, which are structured as Principal at Risk Securities. It also includes related legal opinions and consents.

For investors, 'Principal at Risk Securities' means that the return of their principal investment is not guaranteed and is subject to the performance of the underlying index. If the linked index performs poorly, investors may lose a portion or all of their principal investment.

Wells Fargo & Company, the parent company, provides a full and unconditional guarantee for these Medium-Term Notes issued by its subsidiary, Wells Fargo Finance LLC.

The Notes are linked to the performance of specific equity market indices, including the S&P 500® Index, the Russell 2000® Index, the EURO STOXX 50® Index, and the Dow Jones Industrial Average®.