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Morgan Stanley, 7.125% Fixed-to-Floating Non-Cumululative Preferred Stock Series E

Coupon will be fixed at 7.125% until 10/15/2023 at which time the coupon will float at 3 month Libor plus a spread of 4.32%.

Only redeemable on a dividend payment date

This WILL NOT transition to SOFR. Rate will be fixed at 7.125%

Ticker: MS-E

Parent Ticker: MS

OTC Grey Market Temporary Ticker: NA

Issuance Date: 09/24/2013

1st Call Date: 10/15/2023

Maturity Date: None

Shares Issued: 30,000,000

Overallotment Shares: 4,500,000

Coupon: 7.125%

Face Value: $25.00

Cumulative: No

Qualified: Yes

Quarterly Dividend Amount: 0.445

Payment Months: JAN, APR, JUL, OCT

Payment Day: 15

S&P Rating: BB+

III Rating (In Regards to Dividend Safety Only): B

Moody Rating: Baa3

Fitch Rating: NR

Egan-Jones Rating: NR