From: Richard Kahn <REDACTED>
Sent: Tuesday, August 2, 2016 2:11 PM
To: jeffrey E.
Subject: Fwd: *** NEW ISSUE: ALPHABET INC ( GOOGL ) ***

10 year as of 10:10am is 1.56% therefore 10 year bond would =e 2.36% if +80 is accurate please advise thank you

Richard Kahn
HBRK Associates Inc.
575 Lexington =venue 4th Floor
New York, NY 10022
tel =12-971-1306
fax 646-350-0954
cell =17-414-7584

Begin forwarded message:

From: =/b>"Atlas, Andrew S"

Subject: =/b>*** NEW ISSUE: =LPHABET INC ( GOOGL ) ***

Date: =/b>August 2, 2016 at 10:09:30 AM =DT

To: =/b>"Richard Kahn

Hi Rich,

Morgan Stanley is =ricing a new issue GOOGL Note today. Price talk is +80 area =

Here are the details:

<table><tr><th>=ssuer/Ticker</th><th>&amp;=bsp;</th><th>=lphabet Inc ( GOOGL )</th></tr><tr><td>Issue =atings</td><td>&amp;=bsp;</td><td>Moody's: =a2/Stable/Expected</td></tr><tr><td colspan="2">S&amp;P: =A/Stable/Expected</td><td></td></tr><tr><td>Total =ize</td><td>&amp;nbs=;</td><td>=nbsp; Benchmark</td></tr></table>

Format &nb=p; = SEC =egistered
Tenor &nbs=; =nbsp; &n=sp; 10 Year
Maturity =ate &nbs=; Aug 15, 2026
Coupon =ype &nbs=; Fixed
Ranking =Tranche) Sr =nsecured Note
Tranche =urrency =USD
Optional Redemption - Make Whole =all

- Par Call: 3 month(s) prior to maturity

Use of =roceeds =nbsp; General corporate purposes, including for the =epayment of outstanding commercial paper.

Bookrunner = &nbsp; Active: MS
Denominations &n=sp; 2,000 x 1,000
Sale into =anada &n=sp; Yes - Exemption
Timing &nb=p; = =oday's Business

Let me know if you have =ny questions.

Best,

Andrew

Andrew S. Atlas

First Vice President

Equity Sales/Middle Markets Group

Financial Advisor

Morgan Stanley Wealth Management

1290 Avenue of the =mericas, 12th Floor I New York, =Y 10104

Tel/Direct: +1 212 705 4521 | Fax: +1 212 705 4592

NMLS ID # =326736

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