EFTA02461325.pdf

From: jeffrey E. <[email protected]> Sent: Wednesday, June 8, 2016 2:21 PM To: Richard Kahn Subject: Re: New Issue $25 Par Wells Fargo & Company (WFC) Perpetual Preferred Stock; 5.625% Area; Fixed-for-Life raw On Wed, Jun 8, 2016 at 10:19 AM, Richard Kahn wrote: Jeanne and I reviewed yesterdAy and I wanted to look at=one more time and clean up before I sent to you. We uncovered that 100k of=400k total was for contract deposit so actually spending was 300k. Shall I=send raw today or wait for cleaner version tomorrow am. Sent from=my iPhone On Jun 8, 2016, at 10:14 AM, jeffrey E. <[email protected]<=a» wrote: On Wed, Jun 8, 2016 at 10:08 AM, Richa=d Kahn < wrote: Currently you own 3,000,000 of =ells preferred in southern trust with 5.7% coupon. I am being told this will sell out by 12pm if you are interested. P=ease advise. Thank you. Sent from my iPhone Beg=n forwarded message: Frorn:<=b> "Atlas, Andrew S D=te: June 8, 2016 at 10:02:47 AM EDT t Subject: New Issue= 25 Par: Wells Fargo & Company (WFC) Perpetual Preferred Stock; 5.625%=Area; Fixed-for-Life 1 EFTA_R1_01567272 EFTA02461325  Good Morning Rich, Morgan Stanley is pricing a new issue WFC $25 par=preferred today. Details: $25 Par New Issue Syndicate Offering4=> Wells Fargo & Company (WFC) =C24> =C24> 4>=A0 =C24> =C24> =C24> 4>=A0 =C24> Issuer: Wells Fargo & Company (Ticker: =FC) 4>=A0 Securities Offered: =C24> Depositary shares each representing 1/1,000th interest i= a share of non-cumulative perpetual Class A Preferred Stock Series X4>=A0 =C24> 4>=AO </=> Format: =C24> SEC Registered 4>=A0 = =C24> Expected Ratings: =C24> Eiaa2/BBB/668 (St/St/St) 4>=AO Size: $250mm (10mm =hares) =C24> 40=A0 </=> Maturity: 4>=A0 Perpetual =C240 Price Guidance: 4>=A0 5.625% Area; Fixed for =ife =C240 4>=A0 </=> Offer Price: =C24> $25 per depositary share =C24> =C24> 4>=A0 </=> 2 EFTA_R1_01567273 EFTA02461326  Dividends 4,=A0 Quarterly, in arrears on the 15th of March, June, Sep=ember, and December =C24). 4)=440 </=> First Payment: September 15, 2016 Q=A0 =C24). 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) Use of Proceeds: 40=A0 GO) =C24> =C240 1>=A0 </=> QDI/DRD Eligible: =C2* Yes, See Red for tax and withholding details.Q=A0 Subject to U.S. Tax Withholding for NRA Clients:=C2* Ye=s Expected Listing: =C2. NYSE under the symbol WFCprX 4)=A0 Timing: =C24k 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> 3 EFTA_R1_01567274 EFTA02461327  Finan=ial Advisor Morgan Stanley=Wealth Management <tel:%2B1%20212% <=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.40=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> 4>=AO please note The information contained in this communicati=n is confidential, may be attorney-client privileged, may constitute=inside information, and is intended only for the use of the addressee. =t is the property of JEE 4 EFTA_R1_01567275 EFTA02461328 Unauthorized use, disclosure or copying of =his communication or any part thereof is strictly prohibited and may=be unlawful. If you have received this communication in error, please n=tify us immediately by return e-mail or by e-mail to [email protected] <mailto:[email protected]> , and =estroy this communication and all copies thereof, including all attachm=nts. copyright -all rights reserved please note Th= information contained in this communication is confidential, may be at=orney-client privileged, may constitute inside information, and is inte=ded only for the use of the addressee. It is the property of JEE =nauthorized use, disclosure or copying of this communication or any par= thereof is strictly prohibited and may be unlawful. If you have receiv=d this communication in error, please notify us immediately by retur= e-mail or by e-mail to [email protected] <[email protected]> , and destroy this communication and a=l copies thereof, including all attachments. copyright -all rights rese=ved 5 EFTA_R1_01567276 EFTA02461329