Morgan Stanley

Morgan Stanley Fixed Income Offerings CLIENT FINANCIAL ADVISOR Total Number of Offerings: 6 Thu, 27 Aug 2015 09:54:37 AM EDT MS ID CUSP Avail Oty Moody Coupon Call Date No. Ticker Min OW Issuer S&P CPN Type Maturity Call Price Price Yields CYLD EP 1 BV6Z7 1.000.000 BANK OF AMERICA CORP 6.25% FXD TO 09-05.2024 BA2 6.250 Perpetual 09/082024 99.375 F. 060505EH3 1.000 FLOATS THRFTR BB+ Fix-to-Float 100.000 BAC CPN 6.250% until 0805f2024. then (3M US LIBOR + 371 bps) 2 B7UR7 708.000 CITIGROUP INC 5.95% FIXED TO 08/15/20 FLOATS BA2e 5.950 Perpetual 08/15.2020 99.625 5.972 N 172967JZ5 1.000 THEREAFTER BB+ Fix-to-Float 100.000 C CPN 5.950% until 08/15/2020. then (3M US LIBOR + 410 bps) 3 BD02D 500.000 GOLDMAN SACHS GROUP INC 5.7% FXD TO 05:10,19 BA1 5.700 Perpetual OSI 0,2019 101.125 5.637 N 381488AA6 1.000 VAR THERESAFTER BB Fix-to-Float 100.000 GS CPN 5.700% until 08102019. then (3M US LIBOR +388 bps) 4 DK78D 1.000.000 JPMORGAN CHASE & CO 6.1% FXD TO 10/01/24 FLOATS BAA3 6.100 Perpetual 10001,2024 100.375 6.077 N 48126HAC4 1.000 THEREAFTER BBB- Fix-to-Float 100.000 JPM CPN 6.100% until 1010112024. then (3M US LIBOR + 333 bps) 5 D8LX3 1.000.000 MORGAN STANLEY SER-J 5.55% FXD TO 07/15/20 BA1 5.550 Perpetual 07/15.2020 99.625 5.571 N 617474AA9 1.000 FLOATS THEREAFTER BB Fix-to-Float 100.000 MS CPN 5.550% until 07/15/2020. then (3M US LIBOR + 381 bps) 6 C3OE2 500.000 SUNTRUST BANKS INC SER-F 5.625% FXD TO 12/15/19 BAA3 5.625 Perpetual 12115,2019 101.125 5.562 N 8679148J1 1.000 FLTS THRAFTR BB+ Fix-to-Float 100.000 STI CPN 5.625% until 12/15,2019. then (3M US LIBOR + 386 bps) M = Yield to Maturity. C = Yield to Call. P = Yield to Put. S = Strip Yield. R = Yield to Pre-Relunding. L = Yield to Average Life. 0 = Discount Rate. A = Annual Percentage Yield 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 al the end of this report. • 1 of 2 • EFTA01195310 Morgan Stanley CLIENT Fixed Income Offerings FINANCIAL ADVISOR Disclaimers Thu. 27 Aug 2015 09:54:37 AM EDT We offer these securities and/or deposits subject to availability. Markel 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 lax liability even though payments would not have been received. The majority of profaned 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 ODI (Qualified Dividend Income) eligible. Information on ODI eligibility is obtained from third party sources. The dividend income on ODI 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- rate security of the same maturity because investors expect to receive additional income due to future increases in the floatingfiinked 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. Copyright 2015 Morgan Stanley Smith Barney LLC. Member SIPC. •2of2- EFTA01195311