EFTA00621995.pdf

Morgan Stanley Fixed Income Offerings CLIENT FINANCIAL ADVISOR Total Number of Offerings: 5 Mon. 25 Jul 2016 03:11:46 PM EDT MS ID CUSIP Avail Oty No. Ticker Min Oty Issuer 3 4 5 Moody Coupon S&P CPN Type Call Date Maturity Call Price Price Yields CYLD EP 1.000.000 AMERICAN EXPRESS CO 4.9 FIXED TO FLOATS BAA2 4.900 Perpetual 03115+2020 97.500 5.670 C 5.026 N 1.000 03152020 THRFTR BB« Fix-to-Float 100.000 Corporate. Hybrid CPN 4.900% until 0115.2020. then (3M US LIBOR . 329 bps) 1.000.000 BANK OF AMERICA CORP 6.5% FIXED T0102324 BA2 6.500 Perpetual 10/212024 110.250 4.967 C 5.896 N 1.000 FLOATS THEREAFTR BB+ Fix-to-Float 100.000 Corporate. Hybrid CPN 6.500% until 10,232024. then (3M US LIBOR 417 bps) 500.000 GENERAL ELECTRIC CO 5.0% FIXED TO 01+21+2021 A3 5.000 Perpetual 01/21/2021 108.500 2.960 C 4.608 N 1.000 FLOATS THRFTR AA- Fix-to-Float 100.000 Corporate. Hybrid CPN 5.000% until 01+21+2021. then (3M US LIBOR + 333 bps) 1.000.000 JPMORGAN CHASE & CO 6% FIXED TO 08.101123 FLOATS BAA3 6.000 Perpetual 08+101/2023 106.250 4.934 C 5.647 N 1.000 THEREAFTER BBB- Fix-to-Float 100.000 Corporate. Hybrid CPN 6.000% until 08+01+2023. then (3M US LIBOR « 330 bps) 224.000 WELLS FARGO & COMPANY 5.9% FXD TO 0615,'24 FLTS BAA2 5.900 Perpetual 0&152024 107.989 4.675 C 5.464 N 10.000 THEREAFTER BBB Fix-to-Float 100.000 Corporate. Hybrid CPN 5.900% until 06115+2024. then (3M US LIBOR 311 bps) M = Yield to Maturity. C = Yield to Call. P = Yield to Put. S = Strip Yield. 13 = Yield to Pre-Refunding. L = Yield to Average Life. 0 = Discount Rate. A = Annual Percentage Yield We offer these securities andlor 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 • EFTA00621995 Morgan Stanley CLIENT Fixed Income Offerings FINANCIAL ADVISOR Disclaimers Mon. 25 Jul 2016 03:11:46 PM EDT We offer these securities andror 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. 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 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 are O01 (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 floatingllinked 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. 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. 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 2016 Morgan Stanley Smith Barney LLC. Member SIPC. • 2 of 2 • EFTA00621996