EFTA02675484.pdf

From: Richard Kahn Sent: Tuesday, May 19, 2015 3:20 PM To: jeffrey E. Subject: Fwd: New Issue $25 Par: First Republic Bank (FRC) Non-Cumulative Perpetual Series F Preferred Stock - 5.75% Area Attachments: FRC - 800kmarked PDF.PDF; Untitled attachment 00548.htm please advise thank you Richard Kahn HBRK Associates Inc. 575 Lexington =venue 4th Floor New York, NY 10022 Begin forwarded message: From: =/b>"Atlas, Andrew 5" <Andrew.Atlas@morganstanley.com> To: =/b>"Richard Kahn (richardkahn12@gmail.com)" <richardkahn12@gmail.com> Subject: =/b>New Issue $25 =ar: First Republic Bank (FRC) Non-Cumulative Perpetual Series F =referred Stock - 5.75% Area Date: =/b>May 19, 2015 at 10:52:47 AM =DT Good Morning Rich, Here is a new issue =25 Pfd coming today. Investment grade, price talk is 5.75% Fixed-for =ife. Expects to be =isted on NYSE...similar issues currently trading are FRC.A and =RC.B EFTA_R1_01962354 EFTA02675484  Let me know if you =ave any questions. Best, Andrew $25 Par New Issue Syndicate Offering: First Republic Bank (FRC) Issuer: First Republic Bank (FRC) Securities Offered: Depositary Shares each Representing a 1/40th interest =n a Share of % Noncumulative Perpetual Series F Preferred =tock Size: $100mm (4mm shares) Expected Ratings: Baa3 / BBB— Format: SEC Registered Maturity: Perpetual Price Talk: 5.75% Area; Fixed-for-Life Offer Price: $25.00 per depositary share 2 EFTA_R1_01962355 EFTA02675485 Dividends: Payable quarterly in arrears when, as and if declared =y our board of directors (or a duly authorized committee thereof), at a =ate per annum equal to %. If declared, dividends will be paid on the 30th day of each March, June, September =nd December, or, if any such date is not a business day, the =mmediately preceding business day, commencing on June 30, 2015. Callable: We may redeem the Series F Preferred Stock at our =ption, for cash, (i) either in whole or in part, from time to time, on =r after June 30,2020, upon not less than 30 days' and not more than 60 days' notice ("Optional =edemption"), or (ii) in whole but not in part, at any time =ithin 90 days following a Regulatory Capital Treatment Event (as =efined herein) ("Regulatory Event =edemption"). (See Red). Use of Proceeds: For general corporate purposes, which may include, =mong other things, funding loans or purchasing investment securities =or our portfolio. DRD/QDI Eligible: Yes Subject to US Tax Withholding for NRA =lients: Yes Listing: NYSE Expected; Symbol "FRC-PrF" 3 EFTA_R1_01962356 EFTA02675486 Bookrunners: BofAML / MS / WFS Settle: T+5 Timing: Today's Business = Andrew S. Atlas Financial =dvisor Equity Sales/Middle Markets Group Morgan Stanley Wealth Management Midtown Manhattan =omplex 1290 Avenue of the =mericas, 12th Floor I New York, =Y 10104 4 EFTA_R1_01962357 EFTA02675487  Important Notice to Recipients: Please do not use e-mail to request, authorize or effect the purchase or sale of any =ecurity or commodity. Unfortunately, we cannot execute such instructions provided =n e-mail. Thank you. The sender of this =-mail is an employee of Morgan Stanley Smith Barney LLC ("Morgan Stanley"). If you have =eceived this communication in error, please destroy all electronic and paper =opies and notify the sender immediately. Erroneous transmission is not intended to =aive confidentiality or privilege. Morgan Stanley reserves the right, =o the extent permitted under applicable law, to monitor electronic =ommunications. This message is subject to terms available at the following link: http://www.morganstanley.com/disclaimers/mssbemail.html.&nb=p; If you cannot access this link, please notify us by reply message and we will send the =contents to you. By messaging with Morgan Stanley you consent to =he foregoing. 5 EFTA_R1_01962358 EFTA02675488