EFTA00821980.pdf

From: Richard Kahn To: "jeffrey E." <[email protected]> Subject: Fwd: New Issue $25 Par: Qwest Corporation (CTL) Senior Notes, 6.50% - 6.625%; Fixed- for-Life Date: Thu, 11 Aug 2016 13:55:06 +0000 Attachments: E-RED - Preliminary_Prospectus_Supplement_t Qwest Corporation_(August 1....pdf Richard Kahn HBRK Associates Inc. Begin forwarded message: From: "Atlas, Andrew S" c Subject: New Issue $25 Par: Qwest Corporation (CTL) Senior Notes, 6.50% - 6.625%; Fixed- for-Life Date: August 11, 2016 at 9:54:19 AM EDT To: "Richard Kahn ( "< Good Morning Rich, Morgan Stanley is pricing a new issue $25 Par Preferred today. Details: $25 Par New Issue Syndicate Offering: Qwest Corporation (CTL) Issuer: Qwest Corporation (Ticker: CTL) Parent Company: CenturyLink Inc. Securities Offered: Senior Notes Expected Ratings: Bal / BBB—/ BBB—(Stable/Stable/Stable) Size: $200mm (8mm $25 par notes) Maturity: September 1, 2056 Price Guidance: 6.50% - 6.625% Offer Price: $25.00 per note Payment Dates: Quarterly beginning 12/01/2016 EFTA00821980 Redemption: Issuer's option to redeem at par on or after XX, XX 2021 Use of Proceeds: To redeem all or a portion of the $661.25 million aggregate principal amount of the 2051 Notes, including accrued and unpaid interest on such notes called for redemption. We anticipate using any remainder of these net proceeds for additional debt repayments or other general corporate purposes. QDI/DRD: Not Eligible Subject to U.S. Tax Withholding for NRA Clients: Generally Not Expected Listing: NYSE Timing: Today's Business Let me know if you have any questions. Speak soon, Andrew Andrew S. Atlas First Vice President Equity Sales/Middle Markets Group Financial Advisor Morgan Stanley Wealth Management NOTICE: Morgan Stanley is not acting as a municipal advisor and the opinions or views contained herein are not intended to be. and do not constitute. advice within the meaning of Section 975 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. If you have received this communication in error. please destroy all electronic and paper copies and notify the sender immediately. Mistransmission 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.mongenstanley.comfdisclaimers If you cannot access these links. please notify us by reply message and we will send the contents to you. By communicating with Morgan Stanley you consent to the foregoing and to the voice recording of conversations with personnel of Morgan Stanley. EFTA00821981