From: Richard Kahn
To: "jeffrey E." <jeevacation@gmail.com>
Subject: Fwd: New Issue $25 Par: Capital One Financial Corporation (COF) Perpetual Preferred
6.25% - 6.375%; Fixed for Life
Date: Mon, 17 Aug 2015 16:41:50 +0000
Attachments: COF__Prelim_Pro_Supp.pdf
attached is capital one preferred new issue offering (series f) projected at 6.25% - 6.375% for life with no reset
note we previously purchased 3,000,000 capital one preferred with a 5.55% yield fixed until 9-1-2020 then 380
over 3 month libor
please advise
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" c
Subject: New issue $25 Par: Capital One Financial Corporation (COF) Perpetual Preferred
6.25% - 6.375%; Fixed for Life
Date: August 17, 2015 at 10:58:05 AM EDT
To: "Richard Kahn ( "<
Rich,
Here is another New Issue Pfd Pricing today.
Speak soon,
Andrew
$25 Par New Issue Syndicate Offering:
Capital One Financial Corporation (COF)
Issuer: Capital One Financial Corporation (Ticker: COF)
Securities Offered: Depositary shares each representing a 1/40th Interest in a Share of Fixed Rate Non-Cumulative
Perpetual Preferred Stock, Series F
EFTA00848541
Expected Ratings: Baa3/BB/BB
Size: $250mm (10mm shares)
Maturity: Perpetual
Price Guidance: 6.25% - 6.375%; Fixed for Life
Offer Price: $25.00 per depositary share
Dividends: When, as, and if declared, Dividends will accrue and be payable quarterly in arrears, on the 1st of
March, June, September and December beginning December 1, 2015
Optional Redemption: Subject to regulatory approval, (1) in whole or in part, from time to time, on any dividend
payment date on or after December 1, 2020 at Par plus any declared and unpaid dividends, or (2) in whole but not in
part, at any time within 90 days following a regulatory capital treatment event (see red), at Par plus any declared and
unpaid dividends.
Use of Proceeds: For general corporate purposes in the ordinary course of our business. General corporate
purposes may include repayment of debt, acquisitions, additions to working capital, capital expenditures and
investments in our subsidiaries
DRD/QDI Eligible: Yes
Subject to U.S. Tax Withholding for NRA Clients Yes*
Expected Listing: NYSE
Andrew S. Atlas
Financial Advisor
Equity Sales/Middle Markets Group
Morgan Stanley Wealth Management
Midtown Manhattan Complex
1290 Avenue of the Americas, 12th Floor I New York, NY 10104
Tel/Direct: I Fax:
Important Notice to Recipients:
Please do not use e-mail to request, authorize or effect the purchase or sale of any security or commodity. Unfortunately, we
cannot execute such instructions provided in e-mail. Thank you.
The sender of this e-mail is an employee of Morgan Stanley Smith Barney LLC ("Morgan Stanley"). If you have received this
communication in error, please destroy all electronic and paper copies and notify the sender immediately. Erroneous
transmission 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:
http://www.morganstanley.com/disclaimers/mssbemail.html. If you cannot access this link, please notify us by reply
message and we will send the contents to you. By messaging with Morgan Stanley you consent to the foregoing.
EFTA00848542