Text extracted via OCR from the original document. May contain errors from the scanning process.
, Jeffrey Epstein <jeevacation®gmail.com>
Fixed-for-Life
Can you get a bid. Want to sell now.
Sent from my iPhone
On Jun 12, 2017, at 1:18 PM, Richard Kahn <
> wrote:
Richard Kahn
HBRK Associates Inc.
575 Lexington Avenue, 4th Floor
New York NY 10022
Phone
Fax
Cell
Begin forwarded message:
Fixed-for-Life
Hey Rich,
Southern Trust Co, bot 40k shares of Validas Holdings Preferred. Will circle back as soon as I have final pricing.
Also keeping Evan abreast of all Southern Trust activity.
Thanks again,
Andrew
Andrew S. Atlas
First 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
EFTA01043528
Tel/Direct:
I Fax:
NMLS ID X 1326736
Please put in for lmm. Thank you.
Richard Kahn
HBRK Associates Inc.
575 Lexington Avenue, 4th Floor
New York NY 10022
Phone
Fax
Cell
On Jun 12, 2017, at 11:25 AM, Atlas, Andrew S <
$25 Par New Issue Syndicate Offering:
Validus Holdings, Ltd. (VR)
Issuer:
Validus Holdings, Ltd. (Ticker: VR)
> wrote:
Securities Offered:
Depositary Shares Each Representing a 1/1,000th Interest in a Share of % Non-
Cumulative Preference Shares, Series B
Size:
$150nun (6mm $25 per depositary share)
Expected Ratings:
Baa3 (S) / BBB- (S) / BBB (S)
Format:
SEC Registered
Maturity:
Perpetual
Price Guidance:
5.875% Area; Fixed-for-Life
Offer Price:
$25.00 per depositary share
Distributions:
Payable when, as and if declared on the 15th of March, June, September and December
beginning on 9/15/17, Fixed for life
Redemption:
Callable at $25.00 per Depositary Share on or after 06/20/2022 or at any time prior upon:
-a Tax Event or Capital Disqualification Event
-or under certain circumstances at $26.00 per Depositary
Share, see Red for details.
Use of Proceeds:
General Corporate Purposes
QDI Eligible:
Yes, see Red for Tax and Withholding details
DRD Eligible:
No
Subject to US Tax Withholding for NRA Clients:
See Red for Tax and Withholding details*
EFTA01043529
Expected Listing:
NYSE
Timing:
Today's Business
Andrew S. Atlas
First 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
Tel/Direct:
I Fax:
NMLS ID ft 1326736
Is this MS deal. If so please send me info. Thanks.
Richard Kahn
HBRK Associates Inc.
575 Lexington Avenue, 4th Floor
New York NY 10022
Phone
Fax
Cell
NOTICE: Morgan Stanley is not acting as a municipal advisor and the opinions or views contained herein are not intended to be. and do not constitute.
advice within the meaning of Section 975 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. If you have received this communication in
error. please destroy all electronic and paper copies and notify the sender immediately. Mistransmission is not intended to waive confidentiality or privilege.
Morgan Stanley reserves the right, to the extent permitted under applicable law. to monitor electronic communications. This message is subject to terms
available at the following link: httplAvww.morpanstanley.com/thsclaimers If you cannot access these links. please notify us by reply message and we will
send the contents to you. By communicating with Morgan Stanley you consent to the foregoing and to the voice recording of conversations with personnel of
Morgan Stanley.
<Validus 2017.06.12 - Preliminary Prospectus Supplement r58.pdf
NOTICE: Morgan Stanley is not acting as a municipal advisor and the opinions or views contained herein are not intended to be. and do not constitute, advice
within the meaning of Section 975 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. If you have received this communication in error. please
destroy all electronic and paper copies and notify the sender immediately. Mistransmission is not intended to waive confidentiality or privilege. Morgan Stanley
reserves the right, to the extent permitted under applicable law, to monitor electronic communications. This message is subject to terms available at the
following link: httplAnwe.morpanstanley.comMisclaimers If you cannot access these links, please notify us by reply message and we will send the contents to
you. By communicating with Morgan Stanley you consent to the foregoing and to the voice recording of conversations with personnel of Morgan Stanley.
EFTA01043530