EFTA02461200.pdf

From: jeffrey E. <jeevacation@gmail.com> Sent: Wednesday, June 8, 2016 2:14 PM To: Richard Kahn Subject: Re: New Issue $25 Par Wells Fargo & Company (WFC) Perpetual Preferred Stock; 5.625% Area; Fixed-for-Life i know you are on vaction , when you get a chance,=C24, details of where the 400k of alexander supposedly wnet? On Wed, Jun 8, 2016 =t 10:08 AM, Richard Kahn wr=te: Currently you=own 3,000,000 of wells preferred in southern trust with 5.7% coupon. =/div> I am being told this will sell out by 12pm if you=are interested. Please advise. Thank you. Sent from my iPhone=/div> Begin forwarded message: From: "Atlas Andrew 5' Date: June 8, 2016 at 10: To: & =otilichard Kahn Subject:= b> New Issue 25 Par: Wells Fargo & Company (WFC) Perpetual Preter=ed Stock; 5.625% Area; Fixed-for-Life <=pan> Good Morning Rich, Morgan Stanley is pricing a new issue WFC $25 par=preferred today. Details: $25 Par New Issue Syndicate Offering:</=> EFTA_R1_01567087 EFTA02461200 Wells Fargo & Company (WFC) =C21, =C24, .0=A0 =C2* =C24o =C24> 4>=A0 =C2* Issuer: Wells Fargo & Company (Ticker: =FC) 41)=A0 Securities Offered: =C24> Depositary shares each representing 1/1,000th interest i= a share of non- cumulative perpetual Class A Preferred Stock Series X40=A0 =C24› 40=AO </=> Format: =C24) SEC Registered Q=A0 =C2. Expected Ratings: =C240 Baa2/BBB/BBB (St/St/St) 4,=A0 Size: $250mm (10mm =hares) =C240 4,=A0 </=> Maturity: 40=A0 Perpetual =C24, Price Guidance: 4>=A0 5.625% Area; Fixed for =ife =C2* 441>=A0 </=> Offer Price: =C240 $25 per depositary share =C2* =C24k 40=A0 <A> Dividends 4>=A0 Quarterly, in arrears on the 15th of March, June, Sep=ember, and December =C2. ierA0 <A> First Payment: September 15, 2016 4>=A0 =C24;fr 4,=A0 <A> Optional Redemption: In whole, or in part, =n September 15, 2021, or any dividend payment date thereafter, at a redemp=ion price equal to $25,000 per share of Series X Preferred Stock (equivalent to $25 per depositary share), plus an amount equal to any decl=red and unpaid dividends, without accumulation of any undeclared dividends= The Series X Preferred Stock may also be redeemed by us at our option in =hole, but not in part, prior to September 15, 2021, upon the occurrence of a "regulatory capital treatment event," as described herein, at a 2 EFTA_R1_01567088 EFTA02461201 redemption price equal t= $25,000 per share of Series X Preferred Stock (equivalent to $25 per depo=itary share), plus an amount equal to any declared and unpaid dividends, without accumulation of any undeclared dividends. (5=e Red) Use of Proceeds: 4>=A0 GCP =C24> =C24> 4>=A0 </=> Q0I/DRD Eligible: =C24> Yes, See Red for tax and withholding details.40=A0 Subject to U.S. Tax Withholding for NRA Clients:=C240 Ye=s Expected Listing: =C24> NYSE under the symbol WFCprX 4>=A0 Timing: =C24> Today's Business<=u> Let me know if you have any questions.<=u> Best, Andrew Andrew S. Atlasau> First Vice Presiden= Equit= Sales/Middle Markets Group =/u> Finan=ial Advisor Morgan Stanley=Wealth Management <tel:%2 EFTA_R1_01567089 EFTA02461202 <=ont face="Arial" size="2">Important Notice to Recipients: The sender of this e-mail is an employee of=20 Morgan Stanley Smith Barney LLC ("Morgan Stanley"). If you =ave received this communication in error, please destroy all electronic and paper copies=and notify the sender immediately. Erroneous transmission is not intended to wa=ve confidentiality or privilege. Morgan Stanley reserves the right, to t=e extent permitted under applicable law, to monitor electronic communications= This message is subject to terms available at the following link: http://www.morganstanley.com/disclaimers/mssbemailhtml.t>=A0 If you cannot access this link, please notify us by reply message and we will send the contents to you. By messaging with Morgan Stanley you consent to the=20 foregoing. =br> =C24k please note The information co=tained in this communication is confidential, may be attorney-client pr=vileged, may constitute inside information, and is intended only for JEE Unauthorized use= disclosure or copying of this communication or any part thereof is str=ctly prohibited and may be unlawful. If you have received this commu=ication in error, please notify us immediately by return e-mail or by e=mail to jeevaca=ion@gmail.com <mailto:jeevacation@gmail.com> , and destroy this communication and all copies thereo=, including all attachments. copyright -all rights reserved </=iv> 4 EFTA_R1_01567090 EFTA02461203