Exhibit 8.1
Faegre Baker Daniels LLP
2200 Wells Fargo Center 90 South Seventh Street
Minneapolis Minnesota 55402-3901
Phone +1 612 766 7000
Fax +1 612 766 1600
May 22, 2017
Wells Fargo & Company
420 Montgomery Street
San Francisco, California 94104
Ladies and Gentlemen:
We have acted as tax counsel to Wells Fargo & Company, a Delaware corporation (the “Company”), in connection with the issuance of $3,000,000,000 aggregate principal amount of Medium-Term Notes, Series Q, Fixed-to-Floating Rate Notes, as described in the Company’s Pricing Supplement No. 1 dated May 15, 2017 to the Prospectus Supplement dated April 7, 2017 and the Prospectus dated February 24, 2017 contained in the Registration Statement onForm S-3, File No. 333-216234 (the “Registration Statement”). We hereby confirm our opinion as set forth under the heading “United States Federal Income Tax Considerations” in Pricing Supplement No. 1.
We hereby consent to the reference to us under the heading “United States Federal Income Tax Considerations” in Pricing Supplement No. 1 and to the filing of this opinion as an exhibit to a Current Report onForm 8-K of the Company filed with the Securities and Exchange Commission and thereby incorporated by reference into the Company’s Registration Statement. In giving such consent, we do not admit that we are within the category of persons whose consent is required under Section 7 of the Securities Act of 1933, as amended.
Very truly yours, | ||
FAEGRE BAKER DANIELS LLP | ||
By: | /s/ Lisa R. Pugh | |
Lisa R. Pugh |