EFTA02713555

trey SELECTED FIXED INCOME SECURITIES Prepared For: Total Number of Offerings: 10 Prepared By: # MS ID/ Available Moody's/ Issuer / Asset Group / Industry / Comments Coupon/ Maturity Call Date/ Price Yields' CYLD Estate CUSIP Qty/ S&P Frequency Price Put TICKER Min Denom CYA30 500,000 BAI MORGAN STANLEY 5.45%-H FXD TO 07/15/19 FLOATS THEREAFTER 5.450 08/10/2055 07/15/2019 100.500 5.306(C) 5.330 N 617611QX8 1,000 BB Hybrid Capital Securities & CoCos, TRUPS/JRSute/CapSecs/Preferreds SEMI-ANNUAL 100.000 5.419(M) MS Finance. Insurance and Real Estate. Security. Commodity Brokers & &wires 2 D8LX3 500,000 BAI MORGAN STANLEY SER-J 5.55% FXD TO 07/15/20 FLOATS 5.550 08/10/2055 07/15/2020 100.500 5.432 (C) 5.428 N 617474AA9 1.000 BB THEREAFTER SEMI-ANNUAL 100.000 5.519(M) MS Hybrid Capital Securities & CoCos, TRUPSORSutritapSees/Preferreds Finance, Insurance and Real Estate. Security. Commodity Brokers e.4 Services 3 DISTN 500,000 BA2 BANK OF AMERICA CORP 5.125% FM) TO 647.19 VAR THEREAFTER 5.125 08107/2055 06/17/2019 99.250 5.341 (C) 5.075 N 060505E05 1,000 BB+ Hybrid Capital Securities & CoCos, TRUPSORSuln/CapSecs/Preferreds SEMI-ANNUAL 100.000 5.170(M) BAC Finance, Insurance and Real Estate. Depository Institutions 4 CSEI3 500,000 BAA3 CAPITAL ONE FINANCIAL CORP 5.55% FIXED TO 6-M-20 VAR TH REM 5.550 081072055 06/01/2020 100.875 5.339(C) 5.407 N 14040118117 1,000 BB Hybrid Capital Securities & CoCos, TRUPSORSubsiCapSecs/Preferreds SEMI-ANNUAL 100.000 5.496(M) COF Finance. Insurance and Real Estate. Depository Institutions 5 DOBQ 500,000 BA2 CITIGROUP INC 5.875% FIXED TO 03/27/20 FLOATS THEREAFTER 5.875 08/072055 03/27/2020 100.625 5.717(C) 5.738 N 172%7JK8 1.000 BB+ Hybrid Capital Securities & CoCos. TRUPSHRSubs/CapSecs/Praerreth SEMI-ANNUAL 100.000 5.834(M) C Finance, Insurance and Real Estate. Depository. Institutions 6 B7UR7 500.000 BA2E CITIGROUP INC 5.95% FIXED TO 08/15/20 FLOATS THEREAFTER 5.950 08107/2055 08.115/2020 100.250 5.892(C) 5.833 N I72967MS 1,000 N/A Hybrid Capital Securities & CoCos, TRUPS/MSubs/CapSecs/Preferreds SEMI-ANNUAL 100.000 5.934 (M) C Finance, Insurance and Real Estate, Depositor', Institutions 7 C7BZO 500.000 BAI GOLDMAN SACHS GROUP INC 5.375% FXD TO sn ono FLTS 5.375 08/07/2055 05/102020 99.875 5.403 (C) 5.289 N 381488A84 1,000 BB THEREAFTR SEMI-ANNUAL 100.000 5.383 (M) OS Hybrid Capital Securities & CoCos. TRUPS/MSubs/CapSecs/Pteterreds Finance. Insurance and Real Estate. Securio; Commodity Brokers & Services (I) M • Yield to Maturity, C = Yield to Call, P = Yield to Put, 0 = Yield to Optional Call, R = Yield to Pre-Refunding, D = Discount Rate, A = Annual Percentage yield 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. - I of 3 - EFTA_R1_02135871 EFTA02713555 organstantey SELECTED FIXED INCOME SECURITIES 2015 E Prepared For: Total Number of Offerings: IV Prepared By: # MS ID/ Available Moody's/ Issuer / Asset Group / Industry / Comments Coupon/ Maturity Call Date/ Price Yields' CYLD Estate CUSIP Qty/ S&P Frequency Price Put TICKER Min Denom 8 CH891; 500,000 BAA3 JPMORGAN CHASE & CO 5.3% FXD TO 05-01-2020 VAR THEREAFTER 5.300 08/07/2055 05/01/2020 100.250 5.237(C) 5.196 N 46625HKK5 1.000 BBB- Hybrid Capital Securities & CoCos, TRUPS/1RSukstapSecs/Preferreds SEMI-ANNUAL 100.000 5.285 (M) 1PM Finance, Insurance and Real Estate. Depository Institutions 9 AX2F4 500.000 BAA2 METLIFE INC 5.25% FIXED TO 06/15/20 FLOATS THEREAFTER 5.250 08/07/2055 06115/2020 100.500 5.130(C) 5.134 N 59156RBP2 1.000 BBB- Hybrid Capital Securities & CoCos. TRUPSLIRSubsCapSees/Preferreds SEMI-ANNUAL 100.000 5220(M) MET Finance, Insurance and Real Estate. Insurance Carriers 10 DB4Q6 500.000 BAAI STATE STREET CORPORATION 5.25% FXD TO 09/15/20 FLTS 5.250 0&07/2055 09/15/2020 101.750 4.857(C) 5.071 N 857477AQ6 1.000 BBB THEREAFT SEMI-ANNUAL 100.000 5.146 (0) STT Hybrid Capital Securities & CoCos, TRUPS/112Suln/CapSees/Preferreds Finance, Insurance and Real Estate. Deposita.", Institutions (I) M at Yield to Maturity, C = Yield to Call, P = Yield to Put, O = Yield to Optional Call, R = Yield to Pre-Refunding, D = Discount Rate, A = Annual Percentage yield 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. - 2 of 3 - EFTA_R1_02135672 EFTA02713556 Morgan Stanley SELECTED FIXED INCOME SECURITIES .Non, -9:50 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 antor 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 Pnvate Wealth Advisor. We do not provide tax advice. You should consult with your own tax advisor prior to making an investment decision. Interest/dividend payments on certain preferred issues may be deferred by the issuer for periods of tip to 5 to IC 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 arc "callable" meaning that the issuer may retire the securities at specific prices and dates prior to maturity. Price quoted is per 51.000 share, unless otherwise specified. Current yield is calculated by multiplying the coupon by par value divided by the market price. Some Preferred securities arc QDI (Qualified Dividend Income) eligible. Information on QD1 eligibility is obtained from third party sources. The dividend income on QDI eligible preferreds qualifies fora reduced tax rate. In order to qualify for the preferential tax treatment all qualifying preferred securities must be held fora minimum period • 91 days during a IRO 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-rate 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 rated 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. 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. Copyright 2015 Morgan Stanley Smith Barney LI.C. Member SIPC. -3 of3 - EFTA_R1_02135673 EFTA02713557