EFTA02461161.pdf

From: jeffrey E. <[email protected]> Sent: Wednesday, June 8, 2016 2:09 PM To: Richard Kahn Subject: Re: New Issue $25 Par Wells Fargo & Company (WFC) Perpetual Preferred Stock; 5.625% Area; Fixed-for-Life no On Wed, Jun 8, 2016 at 10:08 AM, Richard Kahn wrote: Currently you own 3,000,000 of wells preferred in southe=n trust with 5.7•%o coupon. I am being told t=is will sell out by 12pm if you are interested. Please advise. Thank you.=C24> Sent from my iPhone Begin forwarded message: From: "Atlas, Andrew = ate: une , at= :02:47 AM EDT To: "Richard Kahn <=richardkahnl2=gmail.com < Subject: New Issue $25 Par: Wells Fargo &am=; Company (WFC) Perpetual Preferred Stock; 5.625% Area; Fixed-for-Life=br> Good Morning Rich, Morgan Stanley is pricing a new issue WFC $25 par=preferred today. Details: $25 Par New Issue Syndicate Offering:</=> EFTA_R1_01567043 EFTA02461161  Wells Fargo & Company (WFC) =C24, =C2* Q=A0 =C2* =C240 =C2. Q=A0 =C240 Issuer: Wells Fargo & Company (Ticker: =FC) 40=A0 Securities Offered: =C24> Depositary shares each representing 1/1,000th interest i= a share of non- cumulative perpetual Class A Preferred Stock Series X4e=A0 =C24) 41=A0 </=> Format: =C240 SEC Registered 40=A0 = =C2* Expected Ratings: =C24o Baa2/BBB/BBB (St/St/St) 40=A0 Size: $2S0mm (10mm =hares) =C240 4,=A0 </=> Maturity: 40=A0 Perpetual =C2* Price Guidance: 4>=A0 5.625% Area; Fixed for =ife =C24> Q=A0 </=> Offer Price: =C2I> $25 per depositary share =C240 =C24> Q=A0 </=> Dividends 40=A0 Quarterly, in arrears on the 15th of March, June, Sep=ember, and December =C2I> 4,=A0 </=> First Payment: September 15, 2016 Q=A0 =C2* 4>=A0 </=> Optional Redemption: In whole, or in part, =n September 15, 2021, or any dividend payment date thereafter, at a redemp=ion price equal to $25,000 per share of Series X Preferred Stock (equivalent to $25 per depositary share), plus an amount equal to any decl=red and unpaid dividends, without accumulation of any undeclared dividends= The Series X Preferred Stock may also be redeemed by us at our option in =hole, but not in part, prior to September 15, 2021, upon the occurrence of a "regulatory capital t=eatment event," as described herein, at a redemption price equal t= $25,000 per share of Series X Preferred Stock (equivalent to $25 per depo=itary share), plus an amount equal to any declared and unpaid dividends, without accumulation of any undeclared dividends. (S=e Red) 2 EFTA_R1_01567044 EFTA02461162  Use of Proceeds: *=A0 GCP =C2* =C2* *=A0 </=> QDI/DRD Eligible: =C2* Yes, See Red for tax and withholding details.*=A0 Subject to U.S. Tax Withholding for NRA Clients:=C2* Ye=* Expected Listing: =C240 NYSE under the symbol WFCprX 4>=A0 Timing: =C24, Today's Business<=u> Let me know if you have any questions.<=u> Best, Andrew Andrew S. Atlas<=u> First Vice Presiden= Equit= Sales/Middle Markets Group =/u> Finan=ial Advisor Mor:an Stanle =Wealth Mana:ement <tel:%2B1° 3 EFTA_R1_01567045 EFTA02461163  <=ont face="Arial" size="2">Important Notice to Recipients: The sender of this e-mail is an employee of=20 Morgan Stanley Smith Barney LLC ("Morgan Stanley"). If you =ave received this communication in error, please destroy all electronic and paper copies=and notify the sender immediately. Erroneous transmission is not intended to wa=ve confidentiality or privilege. Morgan Stanley reserves the right, to t=e 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.4>=A0 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=20 foregoing. =br> =C24> please note The information contained in this communication is confidential, may be attorney-client pr=vileged, may constitute inside information, and is intended only for JEE Unauthorized use= disclosure or copying of this communication or any part thereof is str=ctly prohibited and may be unlawful. If you have received this commu=ication in error, please notify us immediately by return e-mail or by e=mail to [email protected] <mailto:[email protected]> , and destroy this communication and all copies thereo=, including all attachments. copyright -all rights reserved </=iv> 4 EFTA_R1_01567046 EFTA02461164