EFTA02470260.pdf

From: Richard Kahn Sent: Tuesday, March 8, 2016 4:14 PM To: jeffrey E. Subject: Re: New Issue $25 Par. AmTrust Financial Services (AFSI) Non-Cumulative Perpetual Preferred Stock; 7.75% - 7.875% Fixed for Life working on it now and it will take all day - hope to have =ough draft late this afternoon or tomorrow am Richard Kahn HBRK Associates Inc. 575 Lexington =venue 4th Floor fax 646-350-0954 On Mar 8, 2016, at 11:12 AM, jeffrey E. <jeevacation@gmail.com> wrote: cash flow? On Tue, Mar 8, 2016 at 10:47 AM, =ichard Kahn wrote: attached was sent from both =organ Stanley and Wells Fargo please advise thank you Richard Kahn HBRK Associates Inc. 575 Lexington =venue 4th Floor New York, NY 10022 fax 646-350-0954 <tel:646-350-0954> Begin forwarded message: From: =/b>"Atlas, Andrew 5' EFTA_R1_01581157 EFTA02470260 Subject: =/b>New Issue $25 Par: =mTrust Financial Services (AFSI) Non-Cumulative Perpetual Preferred =tock; 7.75% - 7.875% Fixed for Life Date: =/b>March 8, 2016 at 10:13:33 AM =ST To: =/b>"Richard Kahn Good Morning Rich, Want to show STC another =ew issue preferred that Morgan Stanley is pricing today. Details: $25 Par New Issue =yndicate Offering: AmTrust Financial Services (AFSI) &nb=p; Issuer: &n=sp; AmTrust Financial =ervices (Ticker: AFSI) &nb=p; Securities =ffered: Depositary =hares, Each Representing 1/40th of a Share of _% Non- Cumulative =referred Stock, Series E. &nb=p; Size: &nbs=; =75mm (3mm $25 par shares) &nb=p; Expected =atings: =mBest bb+ Maturity: =nbsp; &n=sp; Perpetual &nb=p; Price =alk: &nb=p; = 7.75% - 7.875% 2 EFTA_R1_01581158 EFTA02470261 &nb=p; Offer =rice: &n=sp; =25.00 &nb=p; Dividends: =nbsp; &n=sp; =ayable when, as and if declared on the 15th of March, June, September =nd December beginning on 6/15/16, Fixed for =ife &nbs=; &nb=p; Optional Redemption: Callable at par on or after =/xx/2021 &nb=p; Use of =roceeds: = General corporate purposes, which may include working capital, =apital expenditures and/or strategic acquisitions &nb=p; DRD/QDI =ligible: Yes, See =ed for tax and withholding details Subject to US Tax =ithholding for NRA =lients: =nbsp; &n=sp; Yes* &nb=p; Expected =isting: =NYSE Timing: &n=sp; &nbs=; Today's =usiness Speak soon, Andrew Andrew S. Atlas First Vice President Equity Sales/Middle Markets Group Financial Advisor Morgan Stanley Wealth Management 3 EFTA_R1_01581159 EFTA02470262 1290 Avenue of the =mericas, 12th Floor New York, =Y 10104 <tel:%2B1%20212%20705%204592> NMLS ID # =326736 Important Notice =o Recipients: = Fax: +1 212 705 4592 Please do not use e-mail to request, authorize or effect the purchase or sale of any =ecurity or commodity. Unfortunately, we cannot execute such instructions provided =n e-mail. Thank you. The sender of this =-mail is an employee of Morgan Stanley Smith Barney LLC ("Morgan Stanley"). If you have =eceived this communication in error, please destroy all electronic and paper =opies and notify the sender immediately. Erroneous transmission is not intended to =aive confidentiality or privilege. Morgan Stanley reserves the right, =o the extent permitted under applicable law, to monitor electronic =ommunications. This message is subject to terms available at the following link: http://www.morganstanley.com/disclaimers/mssbemail.html.&nb=p; 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 =he foregoing. please note The information contained in this =ommunication is confidential, may be attorney-client =rivileged, may constitute inside information, and is =ntended only for the use of the addressee. It is the =roperty of JEE Unauthorized use, disclosure =r copying of this communication or any part thereof is =trictly prohibited and may be unlawful. If you have =eceived this communication in error, please notify us =mmediately by return e-mail or by e-mail to jeevacation@gmail.com, and destroy this =ommunication and all copies thereof, including all =ttachments. copyright -all rights reserved 4 EFTA_R1_01581160 EFTA02470263 5 EFTA_R1_01581161 EFTA02470264