EFTA02703913

From: Richard Kahn Sent: Monday, March 7, 2016 5:06 PM To: jeffrey E. Subject: Fwd: Legg Mason Inc., $25 Par 4ONC5 Junior Subordinated Notes- NRA Eligible Attachments: Legg_Mason_Inc_Hybrid_Pro_Supp_without_CanadianWrap.pdf[1].pdf; Untitled attachment 00265.htm received attached Legg Mason offerring this am from both =ells and Morgan Stanley if =ou are interested cash available is as follows: MS - Gratitude - approximately =4,700,000 Wells=- STC - approximately $9,400,000 please advise thank =ou Richard Kahn HBRK Associates Inc. 575 Lexington =venue 4th Floor New York. NY 10022 Begin forwarded message: From: =/b> Subject: =/b>Legg Mason Inc., =25 Par 4ONCS Junior Subordinated Notes- NRA Eligible Date: =/b>March 7, 2016 at 11:05:29 AM =ST To: =/b> Cc: Rich, EFTA_R1_02086050 EFTA02703913 How about this format with prospectus attached? You =ould also receive the prospectus from I-prospectus which is how Wells =argo captures the actual sending of prospectus... Issuer: &n=sp; &nbs=; =nbsp; &n=sp; Legg Mason, Inc. Equity =icker: &=bsp; &nb=p; =YSE: LM Announced Deal =ize: &nb=p; $150mm (6mm / $25 par =otes) Security: =nbsp; &n=sp; &nbs=; =0NCS Junior Subordinated Notes Par: &=bsp; &nb=p; • $25 Yield =alk: &nb=p; &=bsp; 6.50 — 6.625% Final =aturity: &=bsp; March 15, =056 Expected =atings: =nbsp; &n=sp; Baa2/BB+ Dividend =tructure: &nbs=; =Fixed for Life Payment =requency: &nbs=; Quarterly, on the 15th of March, =une, September and December, beginning on 6/15/2016. Optional =eferral: • &=bsp; Deferrable on one or more occasion for up to =0 &nb=p; &=bsp; &nb=p; = consecutive quarters. Optional =edemption: &nb=p; Callable at the issuer4)=99s option: *on or after 3/15/2021 at 100%; *prior to 3/15/2021, in whole but not in part, at 100% =f the principal amount, plus any accrued and unpaid =nterest upon a "Tax Event"; *prior to 3/15/2021, in whole but not in part, at 102% of =he principal amount, plus any accrued and unpaid interest =pon a "Rating Agency Event". See Prospectus Supplement for details Use of =roceeds: • &=bsp; Together with the proceeds of =uture financings, which are 2 EFTA_R1_02086051 EFTA02703914 currently expected to include issuances of senior debt securities (including foreign debt securities) and/or =he incurrence of indebtedness under our Revolving Credit Facility or one or more term loans, to finance the =urchase prices for the acquisitions and to pay fees and expenses related to the acquisitions, this offering of Notes or any future financing. Robert L Karp, CFP°, CRPC° Managing Director, Wells Fargo Advisors LLC The Karp Executive Wealth Management & ESOP*Group 1211 Avenue of the Americas, 27th Floor New York, NY 10036 http://www.KarpExecGroup.wfadv.com <http://www.karpexecgroup.wfadv.com/> *Employee Stock Options and Restricted Stock =tans BUY OR SELL ORDERS, FUNDS-TRANSFER REQUESTS, ADDRESS CHANGES, =R ANY OTHER INSTRUCTIONS REQUIRING YOUR SIGNATURE CANNOT BE ACCEPTED BY =-MAIL OR VOICE-MAIL. YOU MUST CONVEY THESE INSTRUCTIONS VERBALLY. To unsubscribe from marketing e-mails from: • An individual Wells Fargo Advisors financial =dvisor: Reply to one of his/her e-mails and type "UnsubscribeQ=9D in the subject line. • Wells Fargo and its affiliates: Unsubscribe at =a href="https://www.wellsfargoadvisors.com/wellsfargo- unsubscribe" =lass="">https://www.wellsfargoadvisors.com/wellsfargo-unsubscribe Neither of these actions will affect delivery of important service =essages regarding your accounts that we may need to send you or =references you may have previously set for other e-mail services. For additional information regarding our electronic communication =olicies, visit http://wellsfargoadvisors.com/disclosures/email-disclosure.html=/a>. 3 EFTA_R1_02086052 EFTA02703915 Wells Fargo Advisors, LLC is a registered broker-dealer and separate =onbank affiliate of Wells Fargo & Company, Member FIN RA/SIPC. 1 =orth Jefferson, St. Louis, MO 63103. This email may be an advertisement or solicitation for products and =ervices. = 4 EFTA_R1_02086053 EFTA02703916