Coned and GE through TM (C (Daniel Sabba, 1/28/2015)

From: Daniel Sabba Sent: 1/28/2015 9:54:11 AM To: jeffrey E. [jeeyacation@ mail corn] CC: Vahe Ste anian Paul Morris Richard Kahn Subject: Coned and GE through TM (C] Classification: Confidential Jeffrey, Per Rich's suggestion, we priced long TRSs for GE and ConEd (without the sale of a call option). We could provide the same financing terms on a $20mm notional equivalent (1m1+75bps, with $0.03 commissions in and out). The IA for these names would be 20%. As discussed, you could