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From: jeffrey E. <[email protected]> Sent: Monday, November 9, 2015 9:28 PM To: Richard Kahn Subject: Re: Royal Bank of Scotland 7.64% Fixed-to-Float Pfd mil

an Stan=ey note from earlier this year. Details:</=> Royal Bank of Scotland 7.64% Fixed-to-Float Preferred Shares<=> RBS 7.64% Perpetual Issuer:0 Royal Bk Scotland Grp Plc Par Value: 4> $1,000 S=curity Type: Preferred Stock QDI/DRD Eligible4e Yes / Yes<=> Cumulative: Non-Cumulative Rating: B1 / B+ Coupon (Deta

nley Wealth Management Midtown =anhattan Complex 1290 Avenue of the Americas, 12th Floor = New York, NY 10104 <=cliv> On Nov 9, 2015, at 4:27 PM, jeffrey E. <[email protected]> wrote: 5 million On Mon, Nov 9, 2015 at 10:25 PM, =ichard Kahn wrote: thought this =as interesting as it would yield foreig

ant Morgan Stanley note from earlier this year. Details: Royal Bank of Scotland 7.64% Fixed-to-Float Preferred =hares RBS=7.64% Perpetual Issuer: Royal Bk Scotland Grp Plc Par=Value: =1,000 Security Type: Preferred Stock QDI/DRD =ligible Yes = Yes Cumulative: =on-Cumulative Rating: B1 / B+ 3 EFTA_R1_01597873

From: Richard Kahn < Sent: Monday, November 9, 2015 9:26 PM To: jeffrey E. Subject: Fwd: Royal Bank of Scotland 7.64% Fixed-to-Float Pfd Attachments: RBS.Bonds.2.24.15.pdf; Untitled attachment 00459.htm thought this was i

ier this year. EFTA_R1_01939811 EFTA02671084 Details: Royal Bank of Scotland 7.64% Fixed-to-Float Preferred =hares RBS=7.64% Perpetual Issuer: Royal Bk Scotland Grp Plc Par=Value: =1,000 Security Type: Preferred Stock QDI/DRD =ligible Yes = Yes Cumulative: =on-Cumulative Rating: B1 / B+ Coupon =Details): =.