t constitute,=advice within the meaning of the Municipal Advisor Rule. Copyright The copyright in materials provided by Morgan Stanley is owned by Morga= Stanley & Co. LLC. Morgan Stanley Wealth Management is the trade name o= Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United S=ates. 2 EFTA_R1

ot constitute,=advice within the meaning of the Municipal Advisor Rule. Copyright The copyright in materials provided by Morgan Stanley is owned by Morga= Stanley & Co. LLC. Morgan Stanley Wealth Management is the trade name o= Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United S=ates. @ 2016 Mor

ot constitute,=advice within the meaning of the Municipal Advisor Rule. Copyright The copyright in materials provided by Morgan Stanley is owned by Morga= Stanley & Co. LLC. Morgan Stanley Wealth Management is the trade name o= Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United S=ates. @ 2015 Mor