From: Richard Kahn
Sent: Monday, March 7, 2016 5:06 PM
To: jeffrey E.
Subject: Fwd: Legg Mason Inc., $25 Par 4ONC5 Junior Subordinated Notes- NRA Eligible
Attachments: Legg_Mason_Inc_Hybrid_Pro_Supp_without_CanadianWrap.pdf[1].pdf; Untitled
attachment 00265.htm
received attached Legg Mason offerring this am from both =ells and Morgan Stanley
if =ou are interested cash available is as follows:
MS - Gratitude - approximately =4,700,000
Wells=- STC - approximately $9,400,000
please advise
thank =ou
Richard Kahn
HBRK Associates Inc.
575 Lexington =venue 4th Floor
New York. NY 10022
Begin forwarded message:
From: =/b>
Subject: =/b>Legg Mason Inc., =25 Par 4ONCS Junior Subordinated Notes- NRA Eligible
Date: =/b>March 7, 2016 at 11:05:29 AM =ST
To: =/b>
Cc:
Rich,
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How about this format with prospectus attached? You =ould also receive the prospectus from I-prospectus
which is how Wells =argo captures the actual sending of prospectus...
Issuer: &n=sp; &nbs=; =nbsp; &n=sp; Legg Mason, Inc.
Equity =icker: &=bsp; &nb=p; =YSE: LM
Announced Deal =ize: &nb=p; $150mm (6mm / $25 par =otes)
Security: =nbsp; &n=sp; &nbs=; =0NCS Junior Subordinated Notes
Par: &=bsp; &nb=p; • $25
Yield =alk: &nb=p; &=bsp; 6.50 — 6.625%
Final =aturity: &=bsp; March 15, =056
Expected =atings: =nbsp; &n=sp; Baa2/BB+
Dividend =tructure: &nbs=; =Fixed for Life
Payment =requency: &nbs=; Quarterly, on the 15th of March, =une, September and
December, beginning on 6/15/2016.
Optional =eferral: • &=bsp; Deferrable on one or more occasion for up to =0
&nb=p; &=bsp; &nb=p; = consecutive quarters.
Optional =edemption: &nb=p; Callable at the issuer4)=99s option:
*on or after 3/15/2021 at 100%;
*prior to 3/15/2021, in whole but not in part, at 100% =f
the principal amount, plus any accrued and unpaid =nterest
upon a "Tax Event";
*prior to 3/15/2021, in whole but not in part, at 102% of =he
principal amount, plus any accrued and unpaid interest =pon
a "Rating Agency Event".
See Prospectus Supplement for details
Use of =roceeds: • &=bsp; Together with the proceeds of =uture financings, which are
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currently expected to include issuances of senior debt
securities (including foreign debt securities) and/or =he
incurrence of indebtedness under our Revolving Credit
Facility or one or more term loans, to finance the =urchase
prices for the acquisitions and to pay fees and expenses
related to the acquisitions, this offering of Notes or any
future financing.
Robert L Karp, CFP°, CRPC°
Managing Director, Wells Fargo Advisors LLC
The Karp Executive Wealth Management & ESOP*Group
1211 Avenue of the Americas, 27th Floor
New York, NY 10036
http://www.KarpExecGroup.wfadv.com <http://www.karpexecgroup.wfadv.com/>
*Employee Stock Options and Restricted Stock =tans
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Wells Fargo Advisors, LLC is a registered broker-dealer and separate =onbank affiliate of Wells Fargo &
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This email may be an advertisement or solicitation for products and =ervices.
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