EFTA02500641

From: Richard Kahn Sent: Thursday, May 14, 2015 3:29 PM To: jeffrey E. Subject: Fwd: Capital One (COF) 5.55% Fixed-to-Float Pfd Stock attached is trade idea from morgan stanley where we have =,000,000 in cash please advise thank you Richard Kahn HBRK Associates Inc. 575 Lexington =venue 4th Floor New York, NY 10022 Begin forwarded message: From: =/b>"Atlas, Andrew 5" To: qb>Richard Kahn Subject: =/b>RE: Capital One =COF) 5.55% Fixed-to-Float Pfd Stock Date: =/b>May 13, 2015 at 2:04:18 PM =DT Hey Rich, It trades =ver the Counter Security Number is C8E13 CUSIP 14040HBH7 Let me know =f you have any other questions. EFTA_R1_01627737 EFTA02500641 Best, Andrew Andrew S. Atlas Financial =dvisor Equity Sales/Middle Markets Group Morgan Stanley Wealth Management Midtown Manhattan =omplex 1290 Avenue of the =mericas, 12th Floor I New York, =Y 10104 From: Richard Kahn Sent: Wednesday, May 13, 2015 1:56 PM To: Atlas, Andrew S (Wealth Mgmt MS) Subject: Re: Capital One (COF) 5.55% Fixed-to-Float =fd Stock does it trade? if so symbol? thanks Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York, NY 10022 2 EFTA_R1_01627738 EFTA02500642 On May 13, 2015, at 10:39 AM, =tlas, Andrew S < = > wrote: Rich, $1000 Par Pfd Capital One (COF) 5.55% Fixed-to-Float Pfd Stock Rating: Bal / BB Coupon (Details): 5.55% to 41/2020; Then US 3M Libor +380bp, resets Quarterly Next Call Date: 41/2020, Anytime thereafter Maturity: &nb=p; Perpetual Current Yield is 5.5223 Yield to 6/1/2020 Call is =.4346 Presently 3 month =IBOR = .28 Speak soon, Andrew Andrew S. Atlas 3 EFTA_R1_01627739 EFTA02500643 Financial =dvisor Equity Sales/Middle Markets Group Morgan Stanley Wealth Management Midtown Manhattan =omplex 1290 Avenue of the =mericas, 12th Floor I New York, =Y 10104 Important Notice to Recipients: Please do not use e-mail to request, authorize or effect the purchase or =ale of any security or commodity. Unfortunately, we cannot execute such =nstructions provided in e-mail. Thank you. The sender of this e-mail is an employee of Morgan Stanley Smith Barney =LC ("Morgan Stanley"). If you have received this communication in =rror, please destroy all electronic and paper copies and notify the =ender immediately. Erroneous transmission is not intended to waive confidentiality or privilege. Morgan Stanley reserves the right, to the extent permitted under applicable law, to =onitor electronic communications. This message is subject to terms =vailable 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 =nd we will send the contents to you. By messaging with Morgan Stanley you consent to the foregoing. Important Notice to Recipients: 4 EFTA_R1_01627740 EFTA02500644 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. 5 EFTA_R1_01627741 EFTA02500645