EFTA02474885.pdf

From: jeffrey E. <jeevacation@gmail.com> Sent: Tuesday, January 19, 2016 3:58 PM To: Richard Kahn Subject: Re: New Issue $25 Par. Wells Fargo & Company (WFC) Perpetual Preferred Stock; 5.75% Area; Fixed-for-Life 3 mill On Tue, Jan 19, 2016 at 10:56 AM, Richard Kahn <r=chardkahnl2@gmail.com <mailto:richardkahn12@gmail.com» wrote: currently you have no exposure=to wells in equities or preferreds or bonds please adv=se thank you Richard Kahn HBRK Associates Inc. Begin forwarded message: Subject: New Issu= $25 Par: Wells Fargo & Company (WFC) Perpetual Preferred Stock; 5.75%=Area; Fixed-for-Life Date: January 19, 2016 at 10:22:46 AM EST To: &=uot:Richard Kah Hey Rich, EFTA_R1_01587757 EFTA02474885 =ope all is well. Definitely=a crazy start to the year. =anted to show Southern Trust Company a new issue preferred coming today: $25 Par New Issue Syndicate O=fering: Wells Fargo & Company (WFC) =C240 Q=A0 =C24> 4>=A0 40=A0 =C24> 4>=A0 Issuer: =ells Fargo & Company (Ticker: WFC) Securities Offered: 4>=A0 Depositary shares each representing 1/1,000th interest in a share of no=- cumulative perpetual Class A Preferred Stock Series W =C2* Expected Ratings: =C24> Baa2/BBB/BBB (St/St/St) 4>=A0 Size: $250mm (10mm=shares) =C24> 4>=A0 =C24) Q=A0 Maturity: 4>=A0 Perpetual =C24> Price Guida=ce: Q=A0 5.75% Area; Fixed for Life Q=A0 =C240 40=A0 <=u> Offer Price: $25 =er depositary share =C24> Dividends 40=A0 Quarterly, in arrears on the 15th of March, June, Sep=ember, and December =C24) 4>=A0 <=u> First Payment: March 15, 2016 40=A0 =C240 Optio=al Redemption: In whole, or in part, on March 15, 2021, or any=dividend payment date thereafter, at a redemption price equal to $25,000 p=r share of Series W Preferred Stock (equivalent to $25 per depositary shar=), plus an amount equal to any declared and unpaid dividends, without accumulation of any un=eclared dividends. The Series W Preferred Stock may also be redeemed by us=at our option in whole, but not in part, prior to March 15, 2021, upon the=occurrence of a "regulatory capital treatment event," as described herein, at a redemption 2 EFTA_R1_01587758 EFTA02474886 price equal=to $25,000 per share of Series W Preferred Stock (equivalent to $25 per de=ositary share), plus an amount equal to any declared and unpaid dividends,=without accumulation of any undeclared dividends. (See Red) QDI/DR= Eligible: *=A0 Yes, See Red for tax and withholding details. =C2* Subject to U.S. Tax Withholding for NRA Clients: =C2* 40=A0 Yes' l>=A0 =C2* <=> Expected Listing: *410 NYSE under the symbol WFCprW =C2* Settlement: =anuary 29, 2016 j>=A0 Timing= =C2* Today's Business As you can see it*=99s not Fix-To-Float, but still worth looking at. Speak soon. =u> Best, Andrew<=> Andrew S. Atlas<=b> Financial Advisor <=>Equity Sales/Middle M=rkets Group=C2* Morgan Stanley=Wealth Management 3 EFTA_R1_01587759 EFTA02474887 Important Notice to Recipients: Please do not use e-mail to request, authorize or effect the purchase or sale of any security=or commodity. Unfortunately, we cannot execute such instructions provided in=20 e-mail. Thank you. 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/mssbemail.html.,=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. =C2. please note The information contained in this communication =s confidential, may be attorney-client privileged, may constitute in=ide information, and is intended only for the use of the addressee. It =s the property of JEE Unauthorized use, disclosure or copying of thi= communication or any part thereof is strictly prohibited and may be=unlawful. If you have received this communication in error, please noti=y us immediately by return e-mail or by e-mail to jeevacation@gmail.com <mailto:jee=acation@gmail.com> , and des=roy this communication and all copies thereof, including all attachment=. copyright -all rights reserved 4 EFTA_R1_01587760 EFTA02474888