From: "Jeffrey E." <[email protected]>

From: "Jeffrey E." <[email protected]> To: Richard Kahn Subject: Re: WYNN Corp RE: 5.50's of 2025 @ 95.50 Date: Tue, 29 Mar 2016 01:30:36 +0000 no On Mon, Mar 28, 2016 at 4:29 PM, Richard Kahn < please advise thank you Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York, NY 10022 tel fax= cell Begin forwarded message: From: "Atlas, Andrew S" Subject: WYNN Corp RE: 5.50's of 2025 @ 95.50 Date: March 28, 2016 at 1:20:09 PM EDT To: "Richard Kahn ( 1' <I Hi Rich, I hope all is well. wrote: There's a WYNN Corporate Bond that I wanted to show Southern Trust Company. CUSIP: U98347AK0 Issuer: Wynn Las Vegas LLC/Corp Coupon: 5.500% Rating: Bat / BB+ EFTA00830536 Maturity: 3/1/2025 Price: 95.50 YTM: 6.1626% YTC(12/01/2024): 6.1784% I've attached Morgan Stanley's latest WYNN Research note. Let me know if you have any questions. Thanks again, Andrew Andrew S. Atlas First Vice President Equity Sales/Middle Markets Group Financial Advisor Morgan Stanley Wealth Management 1290 Avenue of the Americas. 12th Floor 1 New York. NY 10104 Tel/Direct: I Fax: NMLS ID k 1326736 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 e-mail. Thank you. The sender of this e-mail is an employee of Morgan Stanley Smith Barney LLC ("Morgan Stanley"). If you have received this communication in error, please destroy all electronic and paper copies and notify the sender immediately. Erroneous transmission is not intended to waive confidentiality or privilege. Morgan Stanley reserves the right, to the 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. 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 foregoing. EFTA00830537 please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA00830538