Upon issuance of the Bonds, Bond Counsel is expected to deliver an opinion that interest on the Bonds is excludable from gross income for Federal and Oklahoma state income tax purposes, and is not includable for purposes of computing the federal alternative minimum tax. The form of Bond Counsel’s opinion is available in the Preliminary Official Statement. Before purchasing Bonds, you should consult with your tax advisor concerning your particular tax situation.
OKLAHOMA TURNPIKE AUTHORITY
$454,440,000*
Second Senior Revenue Bonds, Series 2017A
$24,070,000*
Refunding Second Senior Revenue Bonds, Series 2017B
Proposed New Issue — Book Entry Only
• Ratings: Aa3/AA-/AA- (Moody’s/S&P/Fitch)
• Priority for retail buyers on January 31, 2017*
• Institutional pricing on February 1, 2017*
This announcement is neither an offer to sell nor a solicitation of an offer to buy these securities. The offering of these securities is made only by the Preliminary Official Statement. Each investor should read the entire Preliminary Official Statement prior to making any investment decisions with regard to this issue. For a more complete description of the Bonds please contact the undersigned and request a copy of the Preliminary Official Statement.
Bookrunning Senior Manager: Wells Fargo Securities:
(866) 287-3221
Co-Managers: BofA Merrill Lynch:
1-800-937-0855
(Tulsa);
1-800-456-6552
(OK City) J.P. Morgan:
(855) 231-8873
US Bancorp:
(855) 240-7726
BOK Financial Securities, Inc.:
(405) 272-2199
Wells, Nelson & Associates, LLC:
(405) 239-9000
Other brokerage firms have been included in the sale of the Bonds in addition to the preceding to assist in the retail distribution of the Bonds. If you do not see your financial advisor listed above, please contact your local advisor who may be able to assist you in purchasing Bonds of the Authority.
Wells Fargo Securities is the trade name for certain securities-related capital markets and investment banking services of Wells Fargo & Company and its subsidiaries, including Wells Fargo Bank, National Association, acting through its Municipal Products Group.
*Preliminary, subject to change in price and/or availability; when, as, and if issued.
Investment and insurance products:
NOT FDIC-Insured NO Bank Guarantee MAY Lose Value