EFTA02450847.pdf

From: jeffrey E. <jeevacation@gmail.com> Sent: Monday, September 12, 2016 3:46 PM To: Richard Kahn Subject: Re: New Issue $25 Par. The Southern Company (SO) Series 2016A Junior Subordinated Notes; 5.25% - 5.375%; fixed-for life no On Mon, Sep 12, 2016 at 11:41 AM, Richard Kahn < <mailto wrote: S" < i like the company name.. regardless i= is a large utility company with a 49 billion market cap.. <=div> http://finance.yahoo.comiquote/SO/profile?p=SO chttp://finance.yahoo.com/quote/SO/profile?p=SO> Richard Kahn HBRK Associates Inc. New York, NY 10022 tel /a> fax <tel > cell <tel > Begin forwarded message: > > <=iv style="margin-top:0px;mar in-right:0px;margin-bottom:0px;margin-left:=px">From: "Atla=, Andrew <mailto > > =div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left=0px">Subject: New=lssue $25 Par: The Southern Company (SO) Series 2016A Junior Subordinated =otes; 5.25% - 5.375%; fixed-for life Date: September 12, 2016 at 10:3=:50 AM EDT To: "Richard Kahn =gt; <mailto > )" EFTA_R1_01549884 EFTA02450847 Good Morning Rich, I hope you had a nice weekend. Morgan Stanley is pricing a new issue $25 par preferred t=day. Details: $25 Par New Issue Syndicate Offering:=/p> The Southern Company (SO) =C240 40=A0 =C2.> Issuer: 40=A0 =C* The Southern Company (SO) 4>=A0 =C240 Securities Offered: 4>=A0 =C24> Ser=es 2016A Junior Subordinated Notes Size: t>=A0 =C* $250mm (10mm $25 par securities)=u> 4>=A0 =C* 4>=A0 Expected Ratings: 4>=A0 =C* 4>=A0 Baa3 / BBB / BBB (St/Neg/St) Maturity: =C24‘ 4>=A0 October 1, 2076 =C* Q=A0 =wbr> Price Guidance: =C* 4>=A0 =C* 5.25%- 5.375%<=p> =017. =C* 4>=ACI =u> Offer Price: Q=A0 =C* $25 per $25 par secu=ity 4>=A0 =C* 4>=ACI Payment Dates: =C24 Ja=uary 1, April 1, July 1, and October 1 of each year, beginning January 1, 41=A0 =C* 40=A0 Optional Deferral: 4)=A0 Interest is defer=able at the issuer's option for up to 40 consecutive quarterly per=ods. 2 EFTA_R1_01549885 EFTA02450848 Optional Redempt=on: Callable at the issuer's option: -on or after October 1, 2021 at 100%=/u> -any time before October=1, 2021 at 100% upon a Tax Event. -any time before October 1, 2021 at 102% upon a Rating Event *See Prospectus Supplem=nt for details* 410=ACI =C24) Q=A0 Use of Proceeds: =C24, The net procee=s from the sale of the Series 2016A Junior Subordinated Notes will be used=by the Company to repay short-term indebtedness that was incurred to fund =he maturity of the Company's $500,000,000 aggregate principal amount of Series 2011A =.95% Senior Notes due September 1, 2016 and for other general corporate pu=poses, including investment by the Company in its subsidiaries.<=u> DRD/QDI Eligible: =C24> 4>=A0 No</=pan> Subject to US Tax Withholding for NRA=Clients: =C24, Generally No (please see prospectus) Expected Listing: =-C240 4 ,-A0 =C2* NYSE Timing: =C2. 4>=A0 Today's Business Let me know if y=u have any questions. Best,</=> Andrew Andrew S. Atlas First Vice President4=pan> Equity Sales/Middle Markets Group Financial Advisor Morgan Stanley=Wealth Management 1290 Avenue of the Americas, 12th Floor I New York, NY 10104 3 EFTA_R1_01549886 EFTA02450849 Tel/Dire=t: <tel:°/ > I Fax: +1 212 705 4592 <tel =2> <mailto =span style="font-size:9.0pt;color:#595959">NMLS ID # 1326736 NOTICE:=20 Morgan Stanley is not acting as a municipal advisor and the opinions or vie=s contained herein are not intended to be, and do not constitute, advice with=n the meaning of Section 975 of the Dodd-Frank Wall Street Reform and Consume= Protection Act. If you have received this communication in error, please de=troy all electronic and paper copies and notify the sender immediately. Mistransmission is not intended to waive confidentiality or privilege. Morg=n Stanley reserves the right, to the extent permitted under applicable law, t= monitor electronic communications. This message is subject to terms availab=e at the following link: http://www.morganstanley.com/disclaimers <http://www.morganstanley.com/disclaimers> If =ou cannot access these links, please notify us by reply message and we will send the=20 contents to you. By communicating with Morgan Stanley you consent to the foregoing and to the voice recording of conversations with personnel of Mor=an Stanley. </=iv> =C2* please note The informat=on contained in this communication is confidential, may be attorney-cli=nt privileged, may constitute inside information, and is intended only =or the use of the addressee. It is the property of JEE Unauthoriz=d use, disclosure or copying of this communication or any part thereof =s strictly prohibited and may be unlawful. If you have received this return e-mail o= by e-mail to j=evacation@gmail.com <mailto:jeevacation@gmail.com> , and destroy this communication and all copies =hereof, 4 EFTA_R1_01549887 EFTA02450850 including all attachments. copyright -all rights reserved <hiv> 5 EFTA_R1_0 1549888 EFTA02450851