Morgan Stanley Fixed Income Offerings Total Number of Offerings: 6 MS ID cusIP No. Ticker 1 BV6Z7 060505EH3 BAC 2 B7UR7 172967JZ5 Cc 3 BDO02D 38148BAAG GS 4 DK78D 48126HAC4 JPM 6 C3QE2 867914BJ1 STi M = Yield to Maturity, C = Avail Qty Min Qty 1,000,000 708,000 1,000 500,000 1,000 ,000,000 1,000 1,000 500,000 1,000 Yield to Cal CLIENT Issuer BANK OF AMERICA CORP 6.25% FXD TO 09-05-2024 FLOATS THRFTR CPN 6.250% until 09/05/2024, then (3M US LIBOR + 371 bps) CITIGROUP INC 5.95% FIXED TO 08/15/20 FLOATS THEREAFTER CPN 5.950% until 08/15/2020, then (3M US LIBOR + 410 bps) GOLDMAN SACHS GROUP INC 5.7% FXD TO 05/10/19 VAR THERESAFTER CPN 5.700% until 05/10/2019, then (3M US LIBOR + 388 bps) JPMORGAN CHASE & CO 6.1% FXD TO 10/01/24 FLOATS THEREAFTER CPN 6.100% until 10/01/2024, then (3M US LIBOR + 333 bps) MORGAN STANLEY SER-J 5.55% FXD TO 07/15/20 FLOATS THEREAFTER CPN 5.550% until 07/15/2020, then (3M US LIBOR + 381 bps) SUNTRUST BANKS INC SER-F 5.625% FXD TO 12/15/19 FLTS THRAFTR CPN 5.625% until 12/15/2019, then (3M US LIBOR + 386 bps) FINANCIAL ADVISOR Moody Coupon CPN Type BA2 6.250 BB+ Fix-to-Float BA2e 5.950 BB+ Fix-to-Float BAI 5.700 BB Fix-to-Float BAA 6.100 BBB. Fix-to-Float BAI 5.550 8B Fix-to-Float BAAS 5.625 BB+ Fix-to-Float Maturity Perpetual Perpetual Perpetual Perpetual Perpetual Perpetual Call Date Call Price 09/05/2024 100.000 08/15/2020 100.000 05/10/2019 100.000 10/01/2024 100.000 07/15/2020 100.000 12/15/2019 100.000 Thu, 27 Aug 99.625 101.125 100.375 99.625 101.125 P = Yield to Put, S = Strip Yield, R = Yiekd to Pre-Refunding, L = Yield to Average Life, D = Discount Rate, A = Annual Percentage Yield 5 09:54:37 AM EDT Yields CYLD EP 6.289 N 5.972 N 5.637 N 6.077 N 5.571 N 5.562 N We offer these securities and/or deposits subject to availability. Market price, yield and credit ratings are subject to change. Price quoted may not include sales commissions. Please see the important information and product disclosures at the end of this report. -lof2- EFTA00621200

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M organ Stan ley CLIENT FINANCIAL ADVISOR Fixed Income Offerings Disclaimers Thu, 27 Aug 2015 09:54:37 AM EDT We offer these securities and/or deposits subject to availability. Market price, yield and credit ratings are subject to change. If securities and/or deposits are sold prior to maturity, investors may receive more or less than their original purchase price or maturity value, depending on market conditions. Callable securities and/or deposits may be redeemed by the issuer prior to maturity. Additional call features may exist that could affect yield. Please consult your Financial Advisor or Private Wealth Advisor regarding applicable call provisions prior to investing. Some issue information is based on data obtained by the firm from external sources deemed to be reliable. However, Morgan Stanley Wealth Management has not independently verified such information and makes no warranty, express or implied, regarding its accuracy or completeness. Investors should match credit ratings to their portfolio risk profiles. Price quoted may not include sales commissions. For additional information on any of the highlighted securities and/or deposits, please contact your Financial Advisor or Private Wealth Advisor. We do not provide tax advice. You should consult with your own tax advisor prior to making an investment decision. Bonds rated below investment grade may have speculative characteristics and present significant risks beyond those of investment grade securities, including greater credit risk, price volatility and limited liquidity in the secondary market. Investors should carefully consider these risks in relation to their individual circumstances, objectives and risk tolerance before investing in high yield products. High yield bonds should comprise only a limited portion of a balanced portfolio. Interest/dividend payments on certain preferred issues may be deferred by the issuer for periods of up to 5 to 10 years, depending on the particular issue. The investor would still have income tax liability even though payments would not have been received. The majority of preferred securities are "callable" meaning that the issuer may retire the securities at specific prices and dates prior to maturity. Price quoted is per $1,000 share, unless otherwise specified. Current yield is calculated by multiplying the coupon by par value divided by the market price. Some Preferred securities are QDI (Qualified Dividend Income) eligible. Information on QDI eligibility is obtained from third party sources. The dividend income on QDI eligible preferreds qualifies for a reduced tax rate. In order to qualify for the preferential tax treatment all qualifying preferred securities must be held for a minimum period - 91 days during a 180 day window period, beginning 90 days before the ex-dividend date. The initial rate on a floating rate or index-linked preferred security may be lower than that of a fixed- tate security of the same maturity because investors expect to receive additional income due to future increases in the floating/linked index. However, there can be no assurance that these increases will occur. Securities tated below investment grade may have speculative characteristics and present significant risks beyond those of other securities, including greater credit risk and price volatility in the secondary market. Investors should carefully consider these risks in relation to their individual circumstances, objectives and risk tolerance before investing in high yield products. High yield securities should comprise only a limited portion of a balanced portfolio. The initial interest rate on a floating or index-linked floating rate note may be lower than that of a fixed-rate note of the same maturity because investors expect to receive additional income due to future increases in the linked index, e.g. CPI, LIBOR etc. However, there can be no assurances that these increases will occur. Copyright 2015 Morgan Stanley Smith Barney LLC. Member SIPC. -20f2- EFTA00621201