From: Sent: To: Subject: Paul Morris 8/6/2035 12:25:51 PM Stewart Oldfield FW: Citi Preferred [Cj Original Message From: Vahe Stepanian Sent: Thursday, August 06, 2015 12:12 PM Eastern Standard Time To: Richard Kahn; Paul Morris Cc: Daniel Sabha; Ariane Dwyer; Amanda Kirby Subject: RE: Citi Preferred [C] Classification: Confidential Rich - I checked in with our traders. We believe that you're referring to the pref that I've detailed in the Bloomberg screenshot below. Assuming this is the case, an indicative offer on $2-3mm is 100.125. Should Southern Financial wish to purchase, it would be helpful to have a firm level to work today. I will follow up with a phone call. Thank you, Vahe C 5.95 12/29/49 Cor. I, Bond Info :.Addtl Info q1ittN 4).,thar ritOIS 3)13and Ratings U Identifiers n Exchanges n Env Parties Fees, Restrict 1:':; Schedules th Coupons Quick t inks R)ALIQ Prit3/439 311;QRO Quote Recau )1.; TOR Trade Hist CA(S con) Anton iiaoseoctui; RION Sec Neves 101,105 Holde.s JRVPROltrorerty info 98 Notes r 2I1 IssuerDeamiption Information Name CITIGROUP INC Indust': Diversified Banks peaty Information Mkt Iss Global Depository Receipt Country US Currency USD Rank Jr Subordinated Series Coupon 5.95 Type Variable Cpn Freq S/A Day Cnt 30/360 rss Price 100.00000 Maturity PERPETUAL PERPETUAL CALL 08/15/[email protected] Iss Sprd Celt Type (1010)FIX-TO-FLOAT BONDS Announcement Date Interest Accrual Date 1st Settle Date 1St Coupon Date 08/05/2015 08/12/2015 08/12/2015 02/15/2016 1/ i1 Description: Bond naPW, identifiers CUSP ISIN IBM Ratings tikoody ' s Fitch DBRS Composite NR isTiance & 'trading Issued/Outstanding USD 1,250,000.00 (M) / USD 1,250,000.00 (M) Min Piece/Increment 1,000.00 I 1,000.00 Par Amount 1,000.00 Book Runner CITI- sole Reporting UV4534300 172967325 US1729673257 8a2e 6B.e BBBLe *Used with permission of Bloomberg Finance LP CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0059305 SDNY_GM_00205489 EFTA01367704