What are the "Principal at Risk Securities" being issued?

These are Medium-Term Notes, Series A, issued by Wells Fargo Finance LLC. Their principal repayment is linked to the performance of the Dow Jones Industrial Average®. This means that investors could potentially lose some or all of their principal if the index performs poorly.

Who guarantees these new notes?

Wells Fargo & Company (WFC) provides a full and unconditional guarantee for these notes. This means WFC is legally obligated to ensure that the obligations under the notes are met.

What is the significance of the "Principal at Risk" designation?

The "Principal at Risk" designation indicates that the return of the investor's initial investment (principal) is not guaranteed and may be affected by the fluctuations of the linked index, in this case, the Dow Jones Industrial Average®. Investors should carefully review the terms of the specific notes to understand the conditions under which principal might be lost.

What legal documents are included with this filing?

The filing includes the official forms of the two "Principal at Risk Securities" and the legal opinion from Faegre Drinker Biddle & Reath LLP, which assesses the legality and enforceability of the notes and the guarantee provided by Wells Fargo & Company.

WELLS FARGO & COMPANY/MN 8-K SEC Disclosure

Summary

This 8-K filing from Wells Fargo & Company/MN (WFC) on April 3, 2020, primarily serves to disclose the details of new debt issuances by its subsidiary, Wells Fargo Finance LLC. Specifically, the filing includes the forms of two "Medium-Term Notes, Series A, Principal at Risk Securities" linked to the Dow Jones Industrial Average®, with maturity dates in April 2022 and April 2026. These notes are fully and unconditionally guaranteed by Wells Fargo & Company. For investors, this filing is significant as it details the terms of new debt obligations. The "Principal at Risk" nature of these securities implies that the return of principal may be contingent on the performance of the underlying index, the Dow Jones Industrial Average®. Investors in these specific notes are exposed to market risk related to the Dow Jones Industrial Average®. The filing also includes the legal opinion from Faegre Drinker Biddle & Reath LLP regarding the validity of these notes and the guarantee.

Key Highlights

1Wells Fargo Finance LLC issued two new "Principal at Risk Securities" linked to the Dow Jones Industrial Average®.
2The notes have maturity dates of April 4, 2022, and April 6, 2026.
3Wells Fargo & Company (WFC) provides a full and unconditional guarantee for these notes.
4The filing includes the official forms of the notes as exhibits.
5A legal opinion from Faegre Drinker Biddle & Reath LLP regarding the notes and the guarantee is included.
6The "Principal at Risk" feature suggests potential exposure of principal to the performance of the Dow Jones Industrial Average®.

WELLS FARGO & COMPANY/MN 8-K Report, Exhibit Filing (Apr 3, 2020)

Summary

Key Highlights

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