For the client to purchase 1-year swaps with bilateral break rights at any time, we can offer: 1m1+150bps (Yellow highlighted names) 1m1+140bps (Green highlighted names) Given the bid/ask and liquidity profile of these names getting into and out of these is going to be a challenge, thus we would suggest that we trade into these at about 15-20% adv until complete, which could take several days. Preferred Equity Information Issuer Name Preferred Equity Symbol Cusip BB&T CORPORATION bbt h pfd 54937875 CAPITAL ONE FINANCIAL CO cof d pfd 14040H709 CAPITAL ONE FINANCIAL CO cof f pfd 14040H881 CHARLES SCHWAB CORP schw c Pfd 808513402 CHARLES SCHWAB CORP schw d Pfd 808513600 DIGITAL REALTY TRUST INC DIr g Pfd 253868889 DTE ENERGY CO dtj pfd 233331800 EBAY INC ebayl Pfd 278642202 GENERAL ELECTRIC CO gek pfd 369622394 JPMORGAN CHASE & CO JPM f Pfd 48127R461 JPMORGAN CHASE & CO JPM h Pfd 48127V827 KKR KRPPP pfd •18248M300 NEXTERA ENERGY CAPITAL nee i Pfd 65339K886 NEXTERA ENERGY CAPITAL nee k Pfd 65339K100 PITNEY BOWES PBI B pfd 724479506 PUBLIC STORAGE psa b pfd 74460W776 PUBLIC STORAGE psa c pfd 74460W750 STANLEY BLACK & DECKER INC SWJ pfd 854502705 STATE STREET CORP stt e pfd 857477889 STATE STREET CORP sit d pfd 857477608 US BANCORP usb m pfd 902973833 VERIZON COMMUNICATIONS vza pfd 92343V302 WELLS FARGO & COMPANY wfc v pfd 94988U/30 WELLS FARGO & COMPANY wfc r pfd 949746465 From: Vahe Stepanian Sent: Tuesday, June 28, 2016 3:19 PM To: Stewart Oldfield Cc: Daniel Sabba; Andrew King Subject: FW: Southern Financial - IA Request [I] Classification: For Internal use only Stew — quick update on below, still waiting on pricing from our Global Markets colleagues for Southern Financial's pref basket. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0073028 CONFIDENTIAL SDNY_GM_00219212 EFTA01376679