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version ratio sliding scale, can result in an att=actively skewed upside vs downside profile for holding the mandatory conve=t vs the common stock. Allergan, Teva and Frontier Communications are three names we have hi=h conviction on and they have mandatory convert preferreds that I recommend buying. Al
hat rate<=> On Mon, Aug 8, 2016 at 4:30 PM, Ens, Amanda AGN mandatory convert pre=erred Ticker: AGN A Pfd<=> Coupon: 5.5% Maturity: 3/1/2018=u> Pfd Price: 881.38<=> AGN stock ref: 248.31 Convert low strike: 288.0= (at maturity, if AGN is at or below 288, you get 3.4722 shares)=/u> EFTA_R1_01555602
version ratio sliding scale, can result in an att=actively skewed upside vs downside profile for holding the mandatory conve=t vs the common stock. Allergan, Teva and Frontier Communications are three names we have hi=h conviction on and they have mandatory convert preferreds that I recommend buying. 7
ns, Amanda a wrote: AGN mandatory convert pre=erred Ticker: AGN A Pfd<=> 2 EFTA_R1_01557872 EFTA02455319 Coupon: 5.5% Maturity: 3/1/2018=u> Pfd Price: 881.38<=> AGN stock ref: 248.31 Convert low strike: 288.0= (at maturity, if AGN is at or below 288, you get 3.4722 shares)=/u> Convert high strik
ersion ratio sliding scale, can result in an attractively skewed upside vs downside profile for holding the mandatory convert vs the common stock. Allergan, Teva and Frontier Communications are three names we have high conviction on and they have mandatory convert preferreds that I recommend buying. EF
25%: -15.7% ODI-eligible: No Amount outstanding: $5.06 bn TEVA mandatory convert preferred Ticker: TEVVF Pfd Coupon: 7.0% Maturity: 12/15/2018 Pfd Price: 895.07 TEVA stock ref: 54.21 Convert low strike: 62.50 Convert high strike: 75.00 Strip yield: 7.9% (vs common stock at 2.5% div yield) BofAML
Entities connected to both Allergan and Pfd Price

Richard Kahn
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Bloomberg L.P.
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Jeffrey Epstein
PERSONAmanda
PERSONFrontier Communications
ORGANIZATIONTeva Pharma
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Marc Rich
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PERSONHans Mikkelsen
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ORGANIZATIONUS Treasury ETF
ORGANIZATIONS&P500 ETF
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ORGANIZATIONInvestment Grade ETF
ORGANIZATIONFrontier Comm
ORGANIZATIONSpec Pharma
ORGANIZATIONAmanda Ens
PERSONPierce, Fenner & Smith Incorporated
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