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ment 3 EFTA_R1_01567045 EFTA02461163 <=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 immediat
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
<tel:%2 EFTA_R1_01567089 EFTA02461202 <=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 immediat
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
nley=Wealth Management <tel:%2B1%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 immediat
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
ecurity or commodity. Unfortunately, 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 immedia
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
y=or 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 immediat
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
ecurity or commodity. Unfortunately, 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 immediate
hares each representing 1/1,000th interest in a share of non-cumulative perpetual Class A Preferred Stock Series W Expected Ratings: Baal/BBB/BBB (St/St/St) Size: $250mm (10mm shares) Maturity: Perpetual EFTA00703912 Price Guidance: 5.75% Area; Fixed for Life Offer Price: $25 per depositary sha
Entities connected to both Morgan Stanley Smith Barney LLC and St/St/St

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