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laimers/mssbemail.html.4> 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. =br> 4> please note The information contained in this communication is confidential, may be attorney-client pr=
cumulative perpetual Class A Preferred Stock Series X4e 4) 41 </=> Format: 40 SEC Registered 40 = * Expected Ratings: 4o Baa2/BBB/BBB (St/St/St) 40 Size: $2S0mm (10mm =hares) 40 4, </=> Maturity: 40 Perpetual * Price Guidance: 4> 5.625% Area; Fixed for =ife 4> Q </=> Offe
claimers/mssbemailhtml.t> 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. =br> 4k please note The information co=tained in this communication is confidential, may be attorney-client pr=
non- cumulative perpetual Class A Preferred Stock Series X40 4› 40 </=> Format: 4) SEC Registered Q . Expected Ratings: 40 Baa2/BBB/BBB (St/St/St) 4, Size: $250mm (10mm =hares) 40 4, </=> Maturity: 40 Perpetual 4, Price Guidance: 4> 5.625% Area; Fixed for =ife * 441> </=> O
20212% <=ont face="Arial" size="2">Important Notice to Recipients: 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 tra
umulative perpetual Class A Preferred Stock Series X4> 4> 4> </=> Format: 4> SEC Registered 4> = 4> Expected Ratings: 4> Eiaa2/BBB/668 (St/St/St) 4> Size: $250mm (10mm =hares) 4> 40 </=> Maturity: 4> Perpetual 40 Price Guidance: 4> 5.625% Area; Fixed for =ife 40 4> </=> Of
y, 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 tr
ares each representing 1/1,000th interest in a share of non-cumulative perpetual Class A Preferred Stock Series W Expected Ratings: Baa2/BBB/BBB (St/St/St) Size: $250mm (10mm shares) Maturity: Perpetual Price Guidance: 5.75% Area; Fixed for Life Offer Price: $25 per depositary share Dividends
claimers/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=20 foregoing. . please note The information contained in this communication =s confidential, may be attorney-client privileged,
each representing 1/1,000th interest in a share of no=- cumulative perpetual Class A Preferred Stock Series W * Expected Ratings: 4> Baa2/BBB/BBB (St/St/St) 4> Size: $250mm (10mm=shares) 4> 4> 4) Q Maturity: 4> Perpetual 4> Price Guida=ce: Q 5.75% Area; Fixed for Life Q 40 40 <=u> O
Entities connected to both Morgan Stanley and St/St/St

Jeffrey Epstein
PERSON
Prince Andrew
PERSON
Richard Kahn
PERSON
Marc Rich
PERSONMorgan Stanley Smith Barney LLC
ORGANIZATIONAndrew S. Atlas
PERSONPar New Issue Syndicate
ORGANIZATIONPar Wells Fargo & Company
ORGANIZATIONSeries X Preferred Stock
ORGANIZATION
Wells Fargo & Company
ORGANIZATIONPar New Issue Syndicate Offering
ORGANIZATION