EFTA01207024.pdf

From: Richard Kahn c:1 To: "Jeffrey E." [email protected]> Subject: Fwd: Citi Preferred [C] Date: Thu, 06 Aug 2015 16:28:25 +0000 Inline-Images: image001.jpg; image002.jpg per your email i reached out to DB regarding Citi Preferred Q Series that was issued yesterday by Citibank: they quoted 100.125 for 2-3mm but said to give a level and they would work order did not like that answer so i called Andrew Atlas at Morgan Stanley and asked him to bid he told me spread was 99.875 bid x 100.125 ask and thought we probably could get filled at 100.00 please advise if you would like to buy preferred, quantity, price and DB or MS thank you attached below is your current exposure to Citi Preferred Stocks: Purchase Quantity 6/30/15 Unrealized Asset Description Date Cost Value Gain (Loss) Citibank Preferred Ser C 5.8% 10/28/14 49,033.00 1,180,739 1,220,922 40,183 Citibank Preferred Ser C 5.8% 10/29/14 150,967.00 3,670,430 3,759,078 88,648 Citibank Preferred Ser K 6.875% 213/14 79,000.00 1,999,419 2,106,140 106,721 6,850,589 7,086,140 235,551 Richard Kahn HBRK Associates Inc. Begin forwarded message: From: Vahe Stepanian Subject: RE: CM Preferred [C] Date: August 6, 2015 at 12:19:00 PM EDT To: Richard Kahn >, Paul Morris Cc: Daniel Sabba >, Ariane Dwyer Classification: Confidential Per our conversation: EFTA01207024  C 5.95 12/29/49 • • Page 11/11 Description: Bond 99 Notes r rrSetnnlys 21) Bond Description 22/ Issuer Descrpt:on Coupons . Bond Info Addtl Info US0003M Bench Freq S/A ,ants *OrS Current Coupon 5.95 % Last Reset 00/00/0000 Bond Ratings Convention Unknown Identifiers Coupon Calendar Exchanges First Irreg Cpn Normal Inv Parties Last Irreg Cpn Normal Fees, Restrict Schedules coupons FRN Coupon Formula Dat Formula Day Count Freq Cap Floor 32;ALLQ 08/12/201 3 5.9501 Fixed 30/360 S/A 11)0RD Quote Recap 08/15/202 )U50003M +4.095% 30/360 QTL MITDfl Trade Mist BICACS Corp Action )0CF Prospectus 3/104 Sec News MUDS Holders lfivPROunderty Info l) Send Bond From: Vahe Stepanian Sent: Thursday, August 06, 2015 12:13 PM To: 'Richard Kahn'; Paul Morris Cc: Daniel Sabba; Ariane Dwyer; Amanda Kirby Subject: RE: Citi Preferred [C] Classification: Confidential Rich • I checked in with our traders. We believe that you're referring to the pref that I've detailed in the Bloomberg screenshot below. Assuming this is the case, an indicative offer on $2.3mm is 100.125. Should Southern Financial wish to purchase, it would be helpful to have a firm level to work today. I will follow up with a phone call. Thank you, Vahe C 5.95 12/29/49 Con axle liti Description: Bond 9g Notes in 21) Bond Description 2D Issuer,- --otion Issuer Information Identifiers ' Bond Info 'came CITIGR0UP INC ID Number UV4534300 Aden Info . Diversified Banks CUSIP 172967325 Security Information ISIN US172967)257 Bond Ratings ikt too Global Depository Receipt Bond Ratings Identifiers Country US Currency USD Moody's 8a2e 7; Exchanges Rank Jr Subordinated Series Q Fitch BB+e C Inv Parties Coupon 5.95 Type Variable 9; Fees, Restrict DBRS BBBLe NISchedules Cpn Freq S/A Composite NR IfiCoupons Day Cnt 30/360 Iss Price 100.00000 Issuance Oradng Quick Links Maturity PERPETUAL Issued/Outstanding mQUI Pricing PERPETUAL CALL 08/15/2C4100.00 USD 1,250,000.00 (M)/ 131QRD Quote Recap Iss Sprd USD 1,250,000.00 (M) PITON trade Hist Calc Type (1010)FIX-TO-FLOAT BONDS Min Piece/Increment 35)CACS Cap Action filo- Prospectus Announcement Date 08/05/2015 1,000.00 / 1,000.00 Mai Sec News Interest Accrual Date 08/12/2015 Par Amount 1,000.00 HOS Holders 1st Settle Date 08/12/2015 Book Runner CITI-sole VPRD Unduly Info 1st Coupon Date 02/15/2016 Reporting EC Send Bond EFTA01207025 'Used with permission of Bloomberg Finance LP Original Message From: Richard Kahn mailto Sent: Thursday, August 06, 2015 11:54 AM To: Paul Morris Cc: Vahe Stepanian; Daniel Sabba Subject: Citi Preferred Paul just left you a message for your via Amanda Can you please obtain a quote for Jeffrey on the following preferred: Citibank (i believe it was issued yesterday) Pays a fixed 5.95% coupon for 5 yrs and then floats at L +409.50bps Quantity: TBD (assume 2.3mm) Thank you Richard Kahn HBRK Associates Inc. This communication may contain confidential and/or privileged information. If you are not the intended recipient (or have received this communication in error) please notify the sender immediately and destroy this communication. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidden. Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. EFTA01207026