> Sent: Monday, August 01, 2016 3:47 PM > To: Atlas, Andrew S (Wealth Mgmt MS) > Subject: Re: goldman bond > Importance: High > ok > thanks >> On Aug 1, 2016, at 3:42 PM, Atlas, Andrew S >> >> Nothing done yet w/ a 81.75 low...still working >> >> Andrew S. Atlas >> First Vice President >> Equity Sales/Middle Markets Group >> Financial Advisor >> >> >> ----Original Message.--- » From: Richard Kahn [mailto >> Sent: Monday, August 01, 2016 3:09 PM >> To: Atlas, Andrew S (Wealth Mgmt MS) >> Subject: Re: goldman bond >> Importance: High >> >> yes 81.75 or better >> thank you >> >>> On Aug 1, 2016, at 3:01 PM, Atlas, Andrew S < >>> >>> Desk not showing me an offer. >>> >>> Went to 81.25 bid for 2mm...do you want them to work with a limit? >>> >>> Andrew S. Atlas >>> First Vice President >>> Equity Sales/Middle Markets Group >>> Financial Advisor >>> >>> Morgan Stanley Wealth Management >>> >>> -----Original Message >>> From: Richard Kahn [mailto >>> Sent: Monday, August 01, 2016 2:52 PM >>> To: Atlas, Andrew S (Wealth Mgmt MS) >>> Subject: Re: goldman bond >>> Importance: High >>> >» what is ask? >>> i am seeing 81.75 vs 82.75 from 2 other desks please ask trades to >>> tighten up spread thanks >>> > wrote: wrote: EFTA00822119

>>>> On Aug I, 2016, at 2:46 PM, Atlas, Andrew S >>>> >>>> Desk just got back to me. >>>> >>>> 81 bid for the 2mm bonds, rt now we're in there to tender at 83. >>>> >>>> Speak soon, >>>> Andrew >>>> >>>> Andrew S. Atlas >>>> First Vice President >>>> Equity Sales/Middle Markets Group >>>> Financial Advisor >>>> >>>> Morgan Stanley Wealth Management >>>> >>>> ----Original Message-- >>>> From: Richard Kahn ilto- >>>> Sent: Monday, August 01, 2016 2:43 PM >>>> To: Atlas, Andrew S (Wealth Mgmt MS) >>>> Subject: Re: goldman bond >>» Importance: High >>>> >>>> any update on pricing? >>>> >>>>> On Aug 1, 2016, at 2:17 PM, Atlas, Andrew S < >>>>> >>>>> Sure, I'll be rt back >>>>> >>>>> Andrew S. Atlas >>>>> First Vice President >>>>> Equity Sales/Middle Markets Group >>>>> Financial Advisor >>>>> >>>>> Morgan Stanley Wealth Management >>>» >>>>> -----Original Message >>>>> From: Richard Kahn (mailto >>>>> Sent: Monday, August 01, 2016 2:14 PM >>>>> To: Atlas, Andrew S (Wealth Mgmt MS) >>>>> Subject: goldman bond >>>>> Importance: High >>>>> >>>>> i know we mentioned our desire to tender bond however the boss is >>>>> now thinking of selling can you please provide a bid ask to sell >>>>> bond thank you >>>>> >>>>> >>>>> >>>>> ....—..— .......... .......... .......... >>>>> . >>>>> . >>>>> . wrote: wrote: EFTA00822120

>>>>> >>>>> NOTICE: Morgan Stanley is not acting as a municipal advisor and the opinions or views contained herein are not intended to be, and do not constitute, advice within the meaning of Section 975 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. If you have received this communication in error, please destroy all electronic and paper copies and notify the sender immediately. Mistransmission is not intended to waive confidentiality or privilege. Morgan Stanley reserves the right, to the extent permitted under applicable law, to monitor electronic communications. This message is subject to terms available at the following link: http://nw.morganstanley.com/disclaimers If you cannot access these links, please notify us by reply message and we will send the contents to you. By communicating with Morgan Stanley you consent to the foregoing and to the voice recording of conversations with personnel of Morgan Stanley. >>>> >>>> >>>> >>>> >>>> . >>>> . >>>> >>>> >>>> NOTICE: Morgan Stanley is not acting as a municipal advisor and the opinions or views contained herein are not intended to be, and do not constitute, advice within the meaning of Section 975 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. If you have received this communication in error, please destroy all electronic and paper copies and notify the sender immediately. Mistransmission is not intended to waive confidentiality or privilege. Morgan Stanley reserves the right, to the extent permitted under applicable law, to monitor electronic communications. This message is subject to terms available at the following link: http://www.morganstanley.com/disclaimers If you cannot access these links, please notify us by reply message and we will send the contents to you. By communicating with Morgan Stanley you consent to the foregoing and to the voice recording of conversations with personnel of Morgan Stanley. >>> >>> >>> >>> .......... ......... ......... ....... >>>. >>> >>> NOTICE: Morgan Stanley is not acting as a municipal advisor and the opinions or views contained herein are not intended to be, and do not constitute, advice within the meaning of Section 975 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. If you have received this communication in error, please destroy all electronic and paper copies and notify the sender immediately. Mistransmission is not intended to waive confidentiality or privilege. Morgan Stanley reserves the right, to the extent permitted under applicable law, to monitor electronic communications. This message is subject to terms available at the following link: http://www.morganstanley.com/disclaimers If you cannot access these links, please notify us by reply message and we will send the contents to you. By communicating with Morgan Stanley you consent to the foregoing and to the voice recording of conversations with personnel of Morgan Stanley. >> >> >> >> >> NOTICE: Morgan Stanley is not acting as a municipal advisor and the opinions or views contained herein are not intended to be, and do not constitute, advice within the meaning of Section 975 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. If you have received this communication in error, please destroy all electronic and paper copies and notify the sender immediately. Mistransmission is not intended to waive confidentiality or privilege. Morgan Stanley reserves the right, to the extent permitted under applicable law, to monitor electronic communications. This message is subject to terms available at the following link: http://nw.morganstanley.com/disclaimers If you cannot access these links, please notify us by reply message and we will send the contents to you. By communicating with Morgan Stanley you consent to the foregoing and to the voice recording of conversations with personnel of Morgan Stanley. EFTA00822121

> NOTICE: Morgan Stanley is not acting as a municipal advisor and the opinions or views contained herein are not intended to be, and do not constitute, advice within the meaning of Section 975 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. If you have received this communication in error, please destroy all electronic and paper copies and notify the sender immediately. Mistransmission is not intended to waive confidentiality or privilege. Morgan Stanley reserves the right, to the extent permitted under applicable law, to monitor electronic communications. This message is subject to terms available at the following link: http://vAvw.morganstanley.com/disclaimers If you cannot access these links, please notify us by reply message and we will send the contents to you. By communicating with Morgan Stanley you consent to the foregoing and to the voice recording of conversations with personnel of Morgan Stanley. NOTICE: Morgan Stanley is not acting as a municipal advisor and the opinions or views contained herein are not intended to be. and do not constitute. advice within the meaning of Section 975 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. If you have received this communication in error. please destroy all electronic and paper copies and notify the sender immediately. Mistransmission is not intended to waive confidentiality or privilege. Morgan Stanley reserves the right, to the extent permitted under applicable law. to monitor electronic communications. This message is subject to terms available at the following link: httplAwrve.morpanstanley.comidsclaimers If you cannot access these links, please notify us by reply message and we will send the contents to you. By communicating with Morgan Stanley you consent to the foregoing and to the voice recording of conversations with personnel of Morgan Stanley. NOTICE: Morgan Stanley is not acting as a municipal advisor and the opinions or views contained herein are not intended to be. and do not constitute, advice within the meaning of Section 975 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. If you have received this communication in error, please destroy all electronic and paper copies and notify the sender immediately. Mistransmission is not intended to waive confidentiality or privilege. Morgan Stanley reserves the right, to the extent permitted under applicable law, to monitor electronic communications. This message is subject to terms available at the following link: http://Www.morpanstanley.cornidisclaimers If you cannot access these links, please notify us by reply message and we will send the contents to you. By communicating with Morgan Stanley you consent to the foregoing and to the voice recording of conversations with personnel of Morgan Stanley. NOTICE: Morgan Stanley is not acting as a municipal advisor and the opinions or views contained herein are not intended to be. and do not constitute. advice within the meaning of Section 975 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. If you have received this communication in error. please destroy all electronic and paper copies and notify the sender immediately. Mistransmission is not intended to waive confidentiality or privilege. Morgan Stanley reserves the right, to the extent rmitted under a icable law, to monitor electronic communications. This message is subject to terms available at the following link: If you cannot access these links, please notify us by reply message and we will send the contents to you. By communicating with Morgan Stanley you consent to the foregoing and to the voice recording of conversations with personnel of Morgan Stanley. EFTA00822122

NOTICE: Morgan Stanley is not acting as a municipal advisor and the opinions or views contained herein are not intended to be. and do not constitute. advice within the meaning of Section 975 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. If you have received this communication in error, please destroy all electronic and paper copies and notify the sender immediately. Mistransmission is not intended to waive confidentiality or privilege. Morgan Stanley reserves the right, to the extentpermitted under a icable law. to monitor electronic communications. This message is subject to terms available at the following link: If you cannot access these links. please notify us by reply message and we will send the contents to you. By communicating with Morgan Stanley you consent to the foregoing and to the voice recording of conversations with personnel of Morgan Stanley. NOTICE: Morgan Stanley is not acting as a municipal advisor and the opinions or views contained herein are not intended to be. and do not constitute. advice within the meaning of Section 975 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. If you have received this communication in error. please destroy all electronic and paper copies and notify the sender immediately. Mistransmission is not intended to waive confidentiality or privilege. Morgan Stanley reserves the f•ht. to the extent • ,rmitted under ao•licable law. to monitor electronic communications. This message is subject to terms available at the following link: If you cannot access these links. please notify us by reply message and we will send the contents to you. By communicating with Morgan Stanley you consent to the foregoing and to the voice recording of conversations with personnel of Morgan Stanley. NOTICE: Morgan Stanley is not acting as a municipal advisor and the opinions or views contained herein are not intended to be. and do not constitute. advice within the meaning of Section 975 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. If you have received this communication in error. please destroy all electronic and paper copies and notify the sender immediately. Mistransmission is not intended to waive confidentiality or privilege. Morgan Stanley reserves the r. ht. to the extent rmitted under a licable law. to monitor electronic communications. This message is subject to terms available at the following link: If you cannot access these links. please notify us by reply message and we will send the contents to you. By communicating with Morgan Stanley you consent to the foregoing and to the voice recording of conversations with personnel of Morgan Stanley. NOTICE: Morgan Stanley is not acting as a municipal advisor and the opinions or views contained herein are not intended to be. and do not constitute. advice within the meaning of Section 975 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. If you have received this communication in error. please destroy all electronic and paper copies and notify the sender immediately. Mistransmission is not intended to waive confidentiality or privilege. Morgan Stanley reserves the r' ht. to the extent ermitted under a licable law, to monitor electronic communications. This message is subject to terms available at the following link: If you cannot access these links. please notify us by reply message and we will send the contents to you. By communicating with Morgan Stanley you consent to the foregoing and to the voice recording of conversations with personnel of Morgan Stanley. NOTICE: Morgan Stanley is not acting as a municipal advisor and the opinions or views contained herein are not intended to be. and do not constitute. advice within the meaning of Section 975 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. If you have received this communication in error. please destroy all electronic and paper copies and notify the sender immediately. Mistransmission is not intended to waive confidentiality or privilege. Morgan Stanley reserves the r ht. to the extent •ermitted under applicable law. to monitor electronic communications. This message is subject to terms available at the following link: If you cannot access these links. please notify us by reply message and we will send the contents to you. By communicating with Morgan Stanley you consent to the foregoing and to the voice recording of conversations with personnel of Morgan Stanley. EFTA00822123

EFTA00822124