From: Richard Kahn To: "Jeffrey E." <jeevacation(gmail.com> Subject: Fwd: New Issue E*TRADE Financial Preferred Date: Tue, 16 Aug 2016 14:26:55 +0000 Attachments: ETFC - Prelim Prosupp.pdf just saw your email i will put in for 5mm with morgan stanley in STC account thank you Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York, NY 10022 tel - fax cell Begin forwarded message: From: "Atlas, Andrew S" Subject: New Issue E*TRADE Financial Preferred Date: August 16, 2016 at 10:03:01 AM EDT To: "Richard Kahn ( )" < Morning Rich, Morgan Stanley pricing a ETFC new issue $1000 Par Preferred Price Whisper: 6.25% — 6.375% Details: ANNOUNCED: E*TRADE Financial Preferred ISSUER: E*TRADE Financial Corporation ["ETFC") ISSUER RATINGS: Baa3 / BBB- (Stable / Stable) EXPECTED SECURITY RATINGS: Ba3 / BB- SECURITY DESCRIPTION: Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A, $0.01 par value, with a liquidation preference of $1,000 per share FORMAT: SEC Registered SIZE: $400mm (will not grow) OFFER PRICE: $1000 / preferred share MATURITY: Perpetual EFTA00714076