SQS 1.5.4 PRUDENTIAL FREE DOWNLOAD

No one can guarantee short-term or long-term performance. The index is independently calculated and maintained by Standard and Poor's SandP on a stock price return basis and is rebalanced quarterly. Historical index performance prior to April is simulated based on historical data. Alternatively, Morgan Stanley will arrange to send you the prospectus if you request by calling toll free , or you may request a copy from any other dealer participating in the offering. Important information Morgan Stanley has filed a registration statement including a prospectus , and will file a pricing supplement, with the SEC for any offering to which this communication relates. The measures and factors considered in the Target Equity analysis are not necessarily correlated with financial or market performance of the constituent companies and may fail to highlight negative information or data that could adversely affect the Target Equity Index performance or an investment related to Target Equity. Dated January 4,

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This material was not produced sqe a Morgan Stanley research analyst. The measures and factors considered in the Target Equity analysis are not necessarily correlated with financial or market performance of the constituent companies and may fail to highlight negative information or data that could adversely affect the Target Equity Index performance or an investment related to Target Equity.

Past performance actual or simulated is not indicative of future results.

13 Guidance on microservices

The index is independently calculated and maintained by Standard and Poor's SandP on a stock price return basis and is rebalanced quarterly.

This material was prepared by sales, trading or other non-research personnel of Morgan Stanley and Co. Alternatively, Morgan Stanley will arrange to send you the prospectus if you request by calling toll freeor you may request a copy from any other dealer participating in the offering. Simulated historical Index performance is hypothetical and presented for illustrative purposes. Retrospective index calculation based on simulated performance is purely hypothetical and may not be an accurate or meaningful comparison.

Dated January 4, Unless otherwise indicated, these views may differ from those of the Morgan Stanley fixed income or equity research department or others in the firm. It selects stocks using a quantitative, rules-based screening process developed by Morgan Stanley.

Investments and services are offered through Morgan Stanley and Co.

LLC together with its affiliates, hereinafter prudenntial Stanley". The Target Equity principles and methodology described herein may not work in every circumstance or with respect to the financial information of every company. No representation or warranty is made that any returns indicated will be achieved.

Past performance actual or simulated is not necessarily indicative of future results.

Serial Sqs - Notepad

Copyright [C] by Morgan Stanleyall rights reserved. Historical index performance prior to April is simulated based on historical data.

Before you invest in any offering, you should read the prospectus in that registration statement, the applicable pricing supplement and prudentisl documents Morgan Stanley has filed with the SEC for more complete information about Morgan Stanley and that offering. In addition, the Target Equity principles are subject to change and may not always achieve their intended results. The Index aims to identify companies with favorable cash flow, strong balance sheets and assets undervalued by the market.

Important information Morgan Stanley has filed a registration statement including a prospectusand will file a pricing supplement, with the SEC for any offering to which this communication relates. No one can guarantee short-term or long-term performance.

Chapter Guidance on microservices · Secure by Design

Filed Pursuant To Rule Returns from April 3, through December 31, reflect actual results. The selection methodology uses some of the metrics used by private equity investors and corporate buyers. Performance data for the index prior to the Index Inception Date has been calculated retrospectively, based on simulated historical performance.