Morgan Stanley

Callable Securities Disclosure

As required under FINRA 4340 – “Callable Securities,” Morgan Stanley is providing our customers with a link to the firm’s allocation procedures related to callable securities which can be found here located on the Morgan Stanley website. Additionally, a hard copy of the allocation procedures will be provided to customers upon request.

As a result of the call, you may be left with a position either below the minimum denomination of the security or in an amount that is not an authorized denomination of the security.  Such a position may have less, limited or no liquidity depending on the type of security, issuer, size of position or other factors. Please contact your Financial Advisor or Private Wealth Advisor for more information.