EFTA00826006.pdf

From: Richard Kahn To: Jeffrey Epstein <[email protected]> Subject: Fwd: New Issue $25 Par: Wells Fargo & Company (WFC) Perpetual Preferred Stock; 5.625% Area; Fixed-for-Life Date: Wed, 08 Jun 2016 14:08:12 +0000 Attachments: WFC_Pfd_Red.pdf Currently you own 3,000,000 of wells preferred in southern trust with 5.7% coupon. I am being told this will sell out by 12pm if you are interested. Please advise. Thank you. Sent from my iPhone Begin forwarded message: From: "Atlas, Andrew S" Date: June 8, 2016 at 10:02:47 AM EDT To: "Richard Kahn ( Subject: New Issue $25 Par: Wells Fargo & Company (WFC) Perpetual Preferred Stock; 5.625% Area; Fixed-for-Life Good Morning Rich, Morgan Stanley is pricing a new issue WFC $25 par preferred today. Details: $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 X Format: SEC Registered Expected Ratings: Baa2/BBB/BBB (St/St/St) Size: $250mm (10mm shares) Maturity: Perpetual Price Guidance: 5.625% Area; Fixed for Life Offer Price: $25 per depositary share Dividends Quarterly, in arrears on the 15th of March, June, September, and December First Payment: September 15, 2016 EFTA00826006 Optional Redemption: In whole, or in part, on September 15, 2021, or any dividend payment date thereafter, at a redemption price equal to $25,000 per share of Series X 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 X Preferred Stock may also be redeemed by us at our option in whole, but not in part, prior to September 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 X 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) Use of Proceeds: GCP 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 WFCprX Timing: Today's Business Let me know if you have any questions. Best, Andrew Andrew S. Atlas First Vice President Equity Sales/Middle Markets Group Financial Advisor Morgan Stanley Wealth Management 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. EFTA00826007