EFTA02509628.pdf

From: jeffrey E. <jeevacation@gmail.com> Sent: Thursday, March 12, 2015 3:15 PM To: Richard Kahn Subject: Re: MS Pfd ask sabba On Thu, Mar 12, 2015 at 10:17 AM, Richard Kahn < > wrote: attached is a preferred new iss=e if you are interested please advise Richard Kahn HBRK Associates Inc. New York, NY 10022 tel fax Begin forwarded message: <=iv st le="mar in-to :0 x•mar in-ri ht:0 x•mar in-bottom:0 rmargin-left:=pxn>From: fiAtia=, Andrew S" > > To: "Richard Ka=n 1' > Subject: MS Pfd Date: March 12, 2015 at 10:15:28 AM EDT Hey Rich, Here is a new=issue preferred coming today. EFTA_R1_01641067 EFTA02509628 Any questions give me a call.=/u> Best, Andrew </=> Issuer: Morgan Stanley (ticker: MS } Securities Offered:<=> Depositary sha=es each representing)/25th of a share of Fixed-to-Floating Rate Non-Cumula=ive Preferred Stock, Series J =A0 Size:<=p> Expected Ratings:=/u> Format: $ Benchmark Ba3 / BB / BB (Moody's / S&P / Fitch)<=> SEC Registered Maturity:<=u> Perpetual Price Guidance:</=> 5.75% area to, but excluding, July 15, 2020 and thereaft=r at a floating rate per annum equal to the 3-month U.S. dollar LIBOR=plus [ ]% Offer Price:<=> $1,000 per depositary share 2 EFTA_R1_01641068 EFTA02509629 Dividends: au> When, as and i= declared on a non-cumulative basis, semiannually in arrears on the 1=th day of January and July, commencing on July 15, 2015 until 7/15/20 =A0and then quarterly on the 15th of each January, April, July and October =f each year thereafter =A0 Optional Redemption: Callable at th= issuers option at par, (i) in whole or in part on any dividend p=yment date on or after July 15, 2020 or (ii) in whole but not in par=, at any time within 90 days of certain changes to regulatory capital requ=rements - see Red for details <a Use of Proceeds:<=u> General corpor=te purposes DRD/QDI Eligible:=/u> Yes, subject to applicable law, See Red for tax and fore=gn withholding details 3 EFTA_R1_01641069 EFTA02509630 Andrew S. A=las Financial Advisorga =quity Sales/Middle Markets Group Morgan Stanley=Wealth Management Midtown Manhattan Complex 1290 Aven=e of the Americas, 12th Floor I New York, NY 10104 Tel/Direct: I Fax: 4 EFTA_R1_01641070 EFTA02509631 Import=nt Notice to Recipients: Please do not use e-mail to request, authorize or effect the purchase or sale of any securitror commodity. Unfortunately, we cannot execute such instructions provided in=20 e-mail. Thank you. The sender of this e-mail is an employee of=20 Morgan Stanley Smith Barney LLC ("Morgan Stanley"). If you =ave received this communication in error, please destroy all electronic and paper copies=and notify the sender immediately. Erroneous transmission is not intended to wa=ve confidentiality or privilege. Morgan Stanley reserves the right, to t=e 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. =AO 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=20 foregoing. =C2 please note The information co=tained in this communication is confidential, may be attorney-client pr=vileged, may constitute inside information, and is intended only for JEE Unauthorized use= disclosure or copying of this communication or any part thereof is str=ctly prohibited and may be unlawful. If you have received this commu=ication in error, please notify us immediately by return e-mail or by e=mail to jeevaca=ion@gmail.com <mailtoleevacation@gmail.com> , and destroy this communication and all copies thereo=, including all attachments. copyright -all rights reserved </=iv> 5 EFTA_R1_01641071 EFTA02509632