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📄 Extracted Text (492 words)
From: Richard Kahn
To: Jeffrey Epstein <[email protected]>
Subject: Fwd: New Issue $25 Par: Brighthouse Financial, Inc. (BHF) Fixed for Life Perpetual
Preferred Stock; 6.625% Area
Date: Mon, 18 Mar 2019 15:45:27 +0000
Attachments: BHF_Prospectus_03.18.19.pdf
Richard Kahn
HBRK Associates Inc.
575 Lexington Avenue, 4th Floor
New York, NY 10022
Pho
Fax
Cel
Begin forwarded message:
From: "Atlas, Andrew S"
Date: March 18, 2019 at 8:41:04 AM MDT
To: "Atlas, Andrew S"
Subject: New Issue $25 Par: Brighthouse Financial, Inc. (BHF) Fixed for Life Perpetual Preferred Stock:
6.625% Area
$25 Par New Issue Syndicate Offering:
Brighthouse Financial, Inc. (BHF)
Issuer: Brighthouse Financial, Inc. (BHF)
Securities Offered: Depositary share representing 1/1,000th Interest in a Share of %Non-Cumulative
Preferred Stock, Series A
Expected Ratings: Ba2/BBB-/BB+ (S/N/S)
Size: $200mm (8mm $25 par depositary shares)
Format: SEC Registered
Maturity: Perpetual
Price Talk: 6.625% Area(fixed for life
Offer Price: $25.00 per share
Payment Dates: Quarterly on 25th of March, June, September and December beginning 06/25/2019
Optional Deferral: Deferrable on one or more occasions for up to 5 years, any deferred interest will be
cumulative and compounding
EFTA01035639
Redemption: Callable at the issuer's option:
-on or after 03/25/2024 at 100%
-at any time in whole, but not in part, within 90 days of the a "regulatory capital event" at 100%
-at any time in whole, but not in part, within 90 days of the occurrence of a "rating agency event" at 102%
Use of Proceeds: For general corporate purposes.
QDUDRD Eligible: Yes
Subject to U.S. Tax Withholding for NRA Clients: Generally, Yes (See Prospectus for Tax and Withholding
Details)
Listing: NASDAQ
Timing: Today's Business
Andrew S. Atlas
Senior Vice President
Equity Sales/Middle Markets Group
Financial Advisor
Morgan Stanley Wealth Management
1290 Avenue of the Americas, 12th Floor I New York, NY 10104
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EFTA01035640
ℹ️ Document Details
SHA-256
ae552fff2ad2c73095df97b5760825d34b5df715c710536622d858c3903dcddd
Bates Number
EFTA01035639
Dataset
DataSet-9
Type
document
Pages
2
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