From: Richard Kahn

From: Richard Kahn To: "Jeffrey E." <[email protected]> Subject: Fwd: Pfd ETF Structure Note Questions Date: Thu, 09 Jun 2016 14:19:22 +0000 Attachments: Leveraged_Performance_Brochure_1082874.pdf; MSWM_Introduction_to_SI_Dec_2015.pdf Richard Kahn HBRK Associates Inc. tel fax cell Begin forwarded message: From: "Atlas, Andrew S" Subject: Pfd ETF Structure Note Questions Date: June 8, 2016 at 2:05:33 PM EDT To: "Richard Kahn < Ili Rich, I'm working with the Structured Desk to develop a Note tied to a Preferred ETF that's levered 2-3x's. Just a few questions: 1. Maturity/Term? 2. Coupon rate? 3. Call feature? 4. Downside protection? 5. Upside Capture? I've attached some PDFs on Structures. Speak soon, Andrew Andrew S. Atlas First Vice President Equity Sates/Middle Markets Group Financial Advisor Morgan Stanley Wealth Management EFTA00825897 Tel/Direct: NMLS ID # Important Notice to Recipients: Please do not use e-mail to request, authorize or effect the purchase or sale of any security or commodity. Unfortunately, we cannot execute such instructions provided in e-mail. Thank you. The sender of this e-mail is an employee of Morgan Stanley Smith Barney LLC ("Morgan Stanley"). If you have received this communication in error, please destroy all electronic and paper copies and notify the sender immediately. Erroneous transmission is not intended to waive confidentiality or privilege. Morgan Stanley reserves the right, to the extent permitted under applicable law, to monitor electronic communications. This message is subject to terms available at the following link: http://www.morganstanley.com/disclaimers/mssbemail.html. 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 the foregoing. EFTA00825898