Structured Investments offer individual investors innovative opportunities to pursue their financial objectives. Structured Investments can be used by a wide range of investors as compliments to direct investments or to take advantage of market trends with structures tailored to an investor’s specific risk/return profile.

Structured Investments can be used to help clients achieve a wide range of investment objectives, by either potentially reducing the risk exposure of a portfolio or providing access to a variety of underlying assets, including stocks, bonds, interest rates, currencies and commodities.

To learn more about Structured Investments and whether they may be suitable for your financial objectives, please contact your Morgan Stanley Smith Barney Financial Advisor.

Investing in Structured Investments involves a number of risks including but not limited to: fluctuations in the price, level or yield of underlyling instruments, interest rates, currency values and credit quality, substantial loss of principal, limits on participation in any appreciation of the underlying instrument, limited liquidity, credit risk of the issuer, conflicts of interest and other events that are difficult to predict and are beyond the issuer’s control. Before investing in any Structured Investment investors should thoroughly review the particular investment’s prospectus and related offering materials for a comprehensive description of the risks and considerations associated with the offering.

An investment in Morgan Stanley Structured Investments may not be suitable for all investors; accordingly, prospective investors should consult their financial and legal advisors as to the risks entailed by an investment in Structured Investments and the suitability of Structured Investments in light of their particular circumstances.

This material was prepared by sales, trading or other non-research personnel of Morgan Stanley Smith Barney (together with its affiliates, hereinafter “Morgan Stanley”). This material was not produced by a Morgan Stanley or a Citigroup research analyst. These views may differ from those of the Morgan Stanley and Citigroup fixed income or equity research departments or others in the firms. This material does not provide individually tailored investment advice nor does it offer tax, regulatory, accounting or legal advice.