EFTA01474181

Subject: RE: Citi Preferred [C] From: Vahe Stepanian ‹ > Date: Thu, 06 Aug 2015 12:12:51 -0400 To: Richard Kahn Paul Morris Cc: Daniel Sabba Ariane Dwyer Amanda Kirby Classification: Confidential Rich - I checked in with our traders. We believe that you're referring to the pref that I've detailed in the Bloomberg screenshot below. Assuming this is the case, an indicative offer on $2-3mm is 100.125. Should Southern Financial wish to purchase, it would be helpful to have a firm level to work today. I will follow up with a phone call. Thank you, Vahe fcid:[email protected] *Used with permission of Bloomberg Finance LP Original Message From: Richard Kahn [mailto: Sent: Thursday, August 06, 2015 11:54 AM To: Paul Morris Cc: Vahe Stepanian; Daniel Sabba Subject: Citi Preferred EFTA01474181 Paul just left you a message for your via Amanda Can you please obtain a quote for Jeffrey on the following preferred: Citibank (i believe it was issued yesterday) Pays a fixed 5.95% coupon for 5 yrs and then floats at L +409.50bps Quantity: TBD (assume 2-3mm) Thank you Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York, NY 10022 EFTA01474182