Consolidate Your Cash with a Competitive CD Offer¹

2.50% APY | 7-Month Certificate of Deposit (CD)

CD ISSUED BY EITHER:

Morgan Stanley Private Bank, National Association (MSPBNA) | Morgan Stanley Bank, N.A. (MSBNA)

Only available to clients with accounts in the KY/WV/TN, Soundview and Western Long Island complexes.

Contact your Morgan Stanley team to discuss eligibility.

Upon maturity, principal and interest will be deposited into the high yield Preferred Savings for New Money program, with convenient and flexible access to funds² and a yield (currently 2.30%) that will adjust in accordance with the prevailing rate environment.
Available from May 8, 2019, to May 31, 2019, subject to availability.
For new money (from sources other than an existing Morgan Stanley account) deposited through your eligible Morgan Stanley brokerage account(s) between January 31, 2019, and May 31, 2019.
Minimum deposit of $1,000 and orders must be made in $1,000 increments with a maximum of $5,000,000 per each issuer (MSPBNA or MSBNA).
FDIC insured up to applicable limits.
Terms and conditions apply (see below for details).

INTERESTED? Contact your Financial Advisor or Private Wealth Advisor.

¹The APY of this CD is over 5x higher than the national average 6-month CD rate and over 3x higher than the national average 12-month CD rate, according to FDIC's Weekly National Rates and Rate Caps - Weekly Update for week of April 29, 2019 (for Jumbo Deposits) (https://www.fdic.gov/regulations/resources/rates/)

²Preferred Savings for New Money is not intended for clients who need to have frequent access to funds and those funds will not be automatically accessed to reduce a debit or margin loan in your brokerage account. Withdrawals from an account in Preferred Savings for New Money are limited to 10 transactions per calendar month, and any withdrawal or transfer over the limit in any one calendar month will be subject to an excess withdrawal fee.

Other restrictions may apply.

Disclosures

The CD and Preferred Savings for New Money programs are only available to clients with a legal address of record in eligible countries.

The following business types will be ineligible for the CD: Investment Advisers, Investment Companies, Asset Managers, Pension Funds, Non-Regulated Funds, Regulated Banks and Financial companies including Foreign Banks, Credit Unions, Loan Companies, National Banks and State Banks, Insurance Companies, Broker Dealers and Securities Holding Companies.

Deposits will be held at Morgan Stanley Private Bank, National Association (MSPBNA) and/or Morgan Stanley Bank, N.A. (MSBNA) (Banks).

This offer may be withdrawn at any time. Morgan Stanley Smith Barney LLC (MSSB) may impose order limits at its discretion.

The CD Annual Percentage Yield (“APY”) is quoted as of April 26, 2019 which represents a nominal interest rate of 2.50% and is subject to availability or to change without notice. Interest on the CD will be paid at maturity. State restrictions may apply.

For more information, view the CD Program Disclosure Statement at: http://www.morganstanley.com/wealth/disclosures/pdfs/cd_ds.pdf.

Each CD must be funded by new money (net cash inflow starting January 31, 2019, through the end of the promotion) deposited through your Morgan Stanley Smith Barney (MSSB) brokerage account; funds must come from sources other than an existing Morgan Stanley account.

CDs are insured by the FDIC, an independent agency of the U.S. Government, up to a maximum of $250,000 (including principal and accrued interest) for all deposits held in the same insurable capacity (e.g. individual account, joint account, IRA, etc.) per CD depository. Investors are responsible for monitoring the total amount held. All deposits at a single depository held in the same insurable capacity will be aggregated for the purposes of the applicable FDIC Insurance limit, including deposits (such as bank accounts) maintained directly with the depository and CDs of the depository.

CD and Preferred Savings for New Money programs are only available to brokerage accounts. An account at MSSB is either a brokerage account or a managed account. Managed accounts are accounts which are enrolled in certain advisory services offered at MSSB. All other accounts are “Brokerage Accounts.” For more information about managed accounts, please contact your Financial Advisor or Private Wealth Advisor or go to www.morganstanley.com/ADV. The following business types will be ineligible for Savings: Investment Advisers, Investment Companies, Asset Managers, Pension Funds, Non-Regulated Funds, Regulated Banks and Financial companies including Foreign Banks, Credit Unions, Loan Companies, National Banks and State Banks, Insurance Companies, Broker Dealers and Securities Holding Companies. Preferred Savings for New Money is available to clients with a legal address of record in eligible countries.

Preferred Savings for New Money (Program) funds will be deposited at MSPBNA or MSBNA, as applicable. Preferred Savings for New Money rates are subject to change and can be found on your monthly account statement. Interest accrues daily and pays monthly. For more information, view the Preferred Savings Disclosure Statement at https://www.morganstanleyclientserv.com/publiccontent/msoc/pdf/Preferred-Savings-Promotion-Disclosure-Statement.pdf. If your brokerage account is ineligible, funds will be swept into your designated sweep option. Rates for sweep options can be found at http://www.morganstanley.com/wealth-investmentstrategies/ratemonitor.

Preferred Savings is only available for brokerage accounts. Further restrictions may apply.

MSPBNA and MSBNA are Members FDIC that are primarily regulated by the Office of the Comptroller of the Currency.

Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services.

Investment, insurance and annuity products offered through Morgan Stanley Smith Barney LLC are: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY.

CRC 2476186 05/19

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