EFTA01878808.pdf

To: Barrett, Paul S From: Jeffrey Sent Wed 6/27/2012 3:55:25 PM Subject Re: To Do Ok Sony for all the typos .Sent from my iPhone On Jun 27, 2012, at 5:38 PM, "Barrett. Paul S" - wrote: Hi Jeffrey I think we should buy 2MM of these GE preferreds. They are trading cheap to their comps. We are looking for 2-3 points of upside. Can offer l0mm of : Issuer: GENERAL ELEC CAP CORP Ticker: GE Ratings: Baal/AA- (expected) Ranking: Fixed to floating rate non-cumulative pfd stock Coupon: 7.125 to 6/15/22: then 3mL+529.6 bps Maturity: Pcrp Price: $105.75 YTC: 6.34% Cusip: 369622SN6 Sector: Financial Relative Value: GE 4.65 SNR 10/21 @ 3.25% YTM (Pickup over 300 bps to call) JPM 7.9 PFD @ 5.90% YTC WFC 7.98 PFD @ 5.67% YTC PNC 6.75 PFD @ 5.89% YTC EFTA_R1_00290021 EFTA01878808 SCHW 7 PFD @ 5.83% YTC USB 6.5 PFD @ 5.14% YTC GE 6.375 67 @ 5.56% YTC(L+228.9bps backend) Paul Barrett, CFA Managing Director Global Investment Opportunities Group JPMorgan Private Bank nue, 14th Floor, New York, NY 10022 (W) (F) NMLS ID# 853441 This email is confidential and subject to imponant disclaimers and conditions including on offers for the purchase or sale of ne:. tann. •:" . • ^oslidentiality,legal privilege. and legal entity disclaimers. available at him!.'•xuu.inmorean.comnaces'disclosures'email. EFTA_R1_00290022 EFTA01878809