EFTA Document EFTA01378311

INTERNAL USE ONLY DO NOT DISTRIBUTE IN PART OR IN WHOLE Corporate Credit > U.S. Investment Grade Exelon Corp Updated: November 2, 2015 Trade Idea: Buy Exelon Generation Co LLC 10-year bonds Investment Rationale: EXC reached a settlement agreement with the DC Mayor, with support from the DC Attomey General, the Office of the People's Counsel and various other local groups, on some enhanced conditions to the merger. With the new terms, plus the support of the Mayor and various other grou