EFTA Document EFTA01741785

From: Richard Kahn cl ip Subject: Fwd: WFC Final Price 5.70% RE: New Issue $25 Par: Wells Fargo & Company (WFC) Perpetual Preferred Stock; 5.75% Area; Fixed-for-Life Sent: Wednesday, January 20. 2016 2:34:08 PM To: "Jeffrey E." <[email protected]> Richard Kahn HBRK Associates Inc. Begin forwarded message: From: "Atlas, Andrew S" Subject: WFC Final Price 5.70% RE: New Issue $25 Par: Wells Fargo & Company (WFC) Perpetual Preferred Stock; 5.75% Area; Fixed-for- Life Date: January 19, 2016 at 3:45:52 PM EST To: Richard Kahn MINIIMI Hi Rich, WFC Pfd priced at 5.70. Demand was strong. To confirm Southern Trust Company bot 120,000 shares of WFC 5.70% Preferred. Thanks again, Andrew Andrew S. Atlas Financial Advisor Equity Sales/Middle Markets Group Morgan Stanley Wealth Management From: Richard Kahn Sent: Tuesday, January 19, 2016 11:18 AM EFTA_R1_00031964 EFTA01741785 To: Atlas, Andrew S (Wealth Mgmt MS) Subject: Re: New Issue $25 Par: Wells Fargo & Company (WFC) Perpetual Preferred Stock; 5.75% Area; Fixed-for-Life ok thanks Richard Kahn HBRK Associates Inc. On Jan 19, 2016, at 11:16 AM, Atlas, Andrew S wrote: Happy New Year! Thanks. Confirmed. I'll put the order in now. I'll be back with report. -Andrew Andrew S. Atlas Financial Advisor Equity Sales/Middle Markets Group Morgan Stanley Wealth Management From: Richard Kahn Sent: Tuesday, January 19, 2016 11:15 AM To: Atlas, Andrew S (Wealth Mgmt MS) Subject: Re: New Issue $25 Par: Wells Fargo & Company (WFC) Perpetual Preferred Stock; 5.75% Area; Fixed-for-Life EFTA_R1_00031965 EFTA01741786 happy new year SIC would like to put an order in for 3,000,000 Wells Fargo 5.75% Fixed for Life new issue coming today thank you Richard Kahn On Jan 19, 2016, at 10:22 AM, Atlas, Andrew S > wrote: Hey Rich, Hope all is well. Definitely a crazy start to the year. Wanted to show Southern Trust Company a new issue preferred coming today: $25 Par New Issue Syndicate Offering: Wells Fargo & Company (WFC) Issuer: Wells Fargo & Company (Ticker: WFC) Securities Offered: Depositary shares each representing 1/1,000th interest in a share of non-cumulative perpetual Class A Preferred Stock Series W Expected Ratings: Baa2/BBB/BBB (St/St/St) Size: $250mm (10mm shares) Maturity: Perpetual Price Guidance: 5.75% Area; Fixed for Life Offer Price: $25 per depositary share Dividends Quarterly, in arrears on the 15th of March, June, September, and December EFTA_R1_00031966 EFTA01741787 First Payment: March 15, 2016 Optional Redemption: In whole, or in part, on March 15, 2021, or any dividend payment date thereafter, at a redemption price equal to $25,000 per share of Series W Preferred Stock (equivalent to $25 per depositary share), plus an amount equal to any declared and unpaid dividends, without accumulation of any undeclared dividends. The Series W Preferred Stock may also be redeemed by us at our option in whole, but not in part, prior to March 15, 2021, upon the occurrence of a "regulatory capital treatment event," as described herein, at a redemption price equal to $25,000 per share of Series W Preferred Stock (equivalent to $25 per depositary share), plus an amount equal to any declared and unpaid dividends, without accumulation of any undeclared dividends. (See Red) QDI/DRD Eligible: Yes, See Red for tax and withholding details. Subject to U.S. Tax Withholding for NRA Clients: Yes* Expected Listing: NYSE under the symbol WFCprW Settlement: January 29, 2016 Timing: Today's Business As you can see it's not Fix-To-Float, but still worth looking at. Speak soon. Best, Andrew Andrew S. Atlas Financial Advisor Equity Sales/Middle Markets Group Morgan Stanley Wealth Management Important Notice to Recipients: EFTA_R1_00031867 EFTA01741788 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: htto:/hAwN.morcianstanley.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. <Wells Fargo Ser W prosup.pdf, 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.moraanstanlev.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. 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: htto://www.morizanstanlev.com/disclaimers/mssbemaithtml. If you cannot access this link, please notify us by reply message and we will send the contents to EFTA_R1_00031968 EFTA01741789 you. By messaging with Morgan Stanley you consent to the foregoing. EFTA_R1_00031969 EFTA01741790