8-KExhibits & Filings

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

Filed April 8, 2020For Securities:WFCWFC-PDWFC-PCWFC-PYWFC-PAWFC-PLWFCNPWFC-PZ

Summary

This 8-K filing from Wells Fargo & Company/MN (WFC) on April 8, 2020, primarily serves to formally register and file the documentation for two recent debt issuances. Investors should note the issuance of Medium-Term Notes, Series T, due April 8, 2030, and Medium-Term Notes, Series A, Principal at Risk Securities Linked to the S&P 500® Index, guaranteed by the parent company. The core purpose of this filing is to provide the official forms of these notes and the legal opinions from Faegre Drinker Biddle & Reath LLP, confirming the validity of these issuances. While this filing doesn't disclose new financial performance or strategic changes, it represents a routine but important step in the company's ongoing debt management and capital raising activities.

Key Highlights

  • 1Wells Fargo & Company issued Medium-Term Notes, Series T, due April 8, 2030.
  • 2Wells Fargo Finance LLC issued Medium-Term Notes, Series A, Principal at Risk Securities Linked to the S&P 500® Index.
  • 3Wells Fargo & Company fully and unconditionally guarantees the Series A Notes.
  • 4The filing includes the official forms of both Series T and Series A Notes as exhibits.
  • 5Legal opinions from Faegre Drinker Biddle & Reath LLP regarding the Series T Notes and the Series A Notes/Guarantee are filed.
  • 6This 8-K is primarily for the purpose of filing these debt-related documents and legal opinions.
  • 7The filing relates to a Registration Statement on Form S-3 previously filed by Wells Fargo.

Frequently Asked Questions

The main purpose of this 8-K filing is to officially submit the documentation and legal opinions related to two debt issuances: Medium-Term Notes, Series T, and Medium-Term Notes, Series A, for Wells Fargo & Company and Wells Fargo Finance LLC.

The filing discloses the forms of two key debt instruments: Medium-Term Notes, Series T, due on April 8, 2030, and Medium-Term Notes, Series A, which are Principal at Risk Securities Linked to the S&P 500® Index. The latter is guaranteed by Wells Fargo & Company.

No, this filing does not provide any new financial results or updates on the company's performance. It is focused solely on the procedural filing of legal documentation for recently issued debt instruments.

The legal opinions regarding the Series T Notes and the Series A Notes (and the related Guarantee) were provided by the law firm Faegre Drinker Biddle & Reath LLP.