EFTA02704013

From: Richard Kahn < Sent: Friday, February 19, 2016 7:14 PM To: jeffrey E. Subject: Fwd: New Issue PEP Attachments: p_D1D8V.pdf; Untitled attachment 00007.htm for your reference as of 2:10pm 3 year = 0.91 + 80 (estimate) = =.71 10 year ==1.76 + 130 (estimate) = 3.06 30 year = 2.61 + 165 (estimate) = =.26 please =dvise thank you Richard Kahn HBRK Associates Inc. 575 Lexington =venue 4th Floor New York, NY 10022 Begin forwarded message: From: =/b>"Atlas, Andrew 5" Subject: =/b>New Issue =EP Date: =/b>February 19, 2016 at 9:52:51 AM =ST To: =/b>"Richard Kahn Good Morning Rich, New issue corporate =ond coming today that I wanted to show Southern Trust Company. EFTA_R1_02086522 EFTA02704013 Details: Issuer/Ticker PepsiCo Inc ( PEP ) Issue Ratings Moody's: Al/Stable/Expected S&P: A/Stable/Expected Fitch: A/Stable/Expected Format SEC Registered Ranking Sr Unsecured Note Total Size Benchmark Tenor 3 Year 10 Year Tap of 4.45% 04/46 Coupon Type Fixed and/or Float Fixed Fixed Tranche Currency 2 EFTA_R1_02086523 EFTA02704014 USD Optional Redemption No Call - Make Whole Call - Par Call: 3 month(s) prior to maturity - Make Whole Call - Par Call: 6 month(s) prior to maturity Maturity Date Feb 22, 2019 Feb 24, 2026 Apr 14, 2046 Use of Proceeds General corporate purposes, including repayment of commercial paper Settlement T+3 (Feb 24, 2016) Denominations 2,000 x 1,000 Sale into Canada No 3 EFTA_R1_02086524 EFTA02704015 Timing Today's Business Early price talk, 3YR +80 area; 10YR +130 area; 30YR =AP +165 area I'm running =nto a meeting. Please call my cell with any =uestions. Best, Andrew Andrew S. Atlas First Vice President Equity Sales/Middle Markets Group Financial Advisor Morgan Stanley Wealth Management 1290 Avenue of the =mericas, 12th Floor I New York, =Y 10104 NMLS ID # 4 EFTA_R1_02086525 EFTA02704016 Important Notice to Recipients: 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_02086526 EFTA02704017