<SEC-DOCUMENT>0001839882-25-063320.txt : 20251104
<SEC-HEADER>0001839882-25-063320.hdr.sgml : 20251104
<ACCEPTANCE-DATETIME>20251103180848
ACCESSION NUMBER:		0001839882-25-063320
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20251104
DATE AS OF CHANGE:		20251103

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MORGAN STANLEY
		CENTRAL INDEX KEY:			0000895421
		STANDARD INDUSTRIAL CLASSIFICATION:	SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211]
		ORGANIZATION NAME:           	02 Finance
		EIN:				363145972
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		FWP
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-275587
		FILM NUMBER:		251445599

	BUSINESS ADDRESS:	
		STREET 1:		1585 BROADWAY
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10036
		BUSINESS PHONE:		212-761-4000

	MAIL ADDRESS:	
		STREET 1:		1585 BROADWAY
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10036

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MORGAN STANLEY DEAN WITTER & CO
		DATE OF NAME CHANGE:	19980326

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DEAN WITTER DISCOVER & CO
		DATE OF NAME CHANGE:	19960315

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MORGAN STANLEY
		CENTRAL INDEX KEY:			0000895421
		STANDARD INDUSTRIAL CLASSIFICATION:	SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211]
		ORGANIZATION NAME:           	02 Finance
		EIN:				363145972
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		FWP

	BUSINESS ADDRESS:	
		STREET 1:		1585 BROADWAY
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10036
		BUSINESS PHONE:		212-761-4000

	MAIL ADDRESS:	
		STREET 1:		1585 BROADWAY
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10036

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MORGAN STANLEY DEAN WITTER & CO
		DATE OF NAME CHANGE:	19980326

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DEAN WITTER DISCOVER & CO
		DATE OF NAME CHANGE:	19960315
</SEC-HEADER>
<DOCUMENT>
<TYPE>FWP
<SEQUENCE>1
<FILENAME>ms11670_fwp-36306.htm
<DESCRIPTION>FREE WRITING PROSPECTUS TO PRELIMINARY PRICING SUPPLEMENT NO. 11,670
<TEXT>
<HTML>
    <HEAD>
        <TITLE></TITLE>
<!-- QES 7h3d0c70r 1761941136.2979522 -->
    </HEAD>
    <BODY style="text-decoration-skip-ink: none; ">
        <DIV style="margin: auto; width: 871.20pt; padding: 36pt 0; ">
            <DIV style="width: 792.00pt; padding: 23.76pt 39.60pt 0 39.60pt; min-height: 15.84pt; position: relative; ">
                <DIV style="position: absolute; width: 300.14pt; height: 36.03pt; z-index: 251657728; left: 531.85pt; top: 16.17pt; ">
                    <P style="line-height: 1.1; text-align: right; margin-top: 0; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-size: 8.0pt; "><font style='white-space: pre-wrap;'>Free Writing Prospectus to Preliminary Pricing Supplement No. 11,670</font></FONT></P>
                    <P style="line-height: 1.1; text-align: right; margin-top: 0; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-size: 8.0pt; "><font style='white-space: pre-wrap;'>Registration Statement Nos. 333-275587; 333-275587-01</font></FONT></P>
                    <P style="line-height: 1.1; text-align: right; margin-top: 0; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-size: 8.0pt; "><font style='white-space: pre-wrap;'>Dated November 3, 2025; Filed pursuant to Rule 433</font></FONT></P>
                </DIV>
                <P style="border-bottom:  0.50pt solid black; padding-left: 0.0pt; margin-top: 0.0pt; margin-bottom: 0; "><FONT style="color: #595959; font-size: 18.0pt; font-family: Arial, sans-serif; text-transform: uppercase; "></FONT><FONT style="color: black; font-size: 18.0pt; font-family: Arial, sans-serif; text-transform: uppercase; "><font style='white-space: pre-wrap;'>M</font></FONT><FONT style="text-transform: none; color: black; font-size: 18.0pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>organ</font></FONT><FONT style="color: black; font-size: 18.0pt; font-family: Arial, sans-serif; text-transform: uppercase; "><font style='white-space: pre-wrap;'> S</font></FONT><FONT style="text-transform: none; color: black; font-size: 18.0pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>tanley</font></FONT><FONT style="color: #595959; font-size: 20.0pt; font-family: Arial, sans-serif; text-transform: uppercase; "><font style='white-space: pre-wrap;'> </font></FONT></P>
            </DIV>
            <DIV style="width: 792.00pt; padding: 10pt 39.60pt 10pt 39.60pt; position: relative; margin-bottom: 20pt; ">
                <DIV>
                    <P style="margin-top: 6.6pt; line-height: 18.0pt; padding-left: 0.0pt; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-weight: bold; color: black; font-size: 20.0pt; "><font style='white-space: pre-wrap;'>SPXFP</font></FONT><FONT style="font-family: Times New Roman, Times, serif; color: black; font-size: 8.0pt; "></FONT><FONT style="font-family: Arial, sans-serif; font-weight: bold; color: black; font-size: 20.0pt; "><font style='white-space: pre-wrap;'> Market-Linked Notes due November 29, 2030</font></FONT></P>
                    <P style="margin-top: 3.3pt; margin-bottom: 6.6pt; line-height: 11.0pt; padding-left: 0.0pt; "><FONT style="font-family: Arial, sans-serif; font-weight: bold; font-style: italic; color: black; font-size: 10.0pt; "><font style='white-space: pre-wrap;'>This document provides a summary of the terms of the notes.  Investors must carefully review the accompanying preliminary pricing supplement referenced below, product supplement, index supplement and prospectus, and the &#8220;Risk Considerations&#8221; on the following page, prior to making an investment decision.</font></FONT></P>
                </DIV>
<BR clear="all" style="font-size: 1px; ">
                <DIV style="width: 375.20pt; float: left; ">
                    <TABLE width="388.08pt" style="margin-left: 0.0pt; width: 388.08pt; table-layout: fixed; border-collapse: collapse; ">
                        <TR>
                            <TD width="142.56pt" style="width: 142.56pt; border: 0; margin: 0; padding: 0; height: 0; ">
                            </TD>
                            <TD width="245.52pt" style="width: 245.52pt; border: 0; margin: 0; padding: 0; height: 0; ">
                            </TD>
                        </TR>
                        <TR style="vertical-align: top; min-height: 1.10pt; ">
                            <TD colspan="2" style="padding-top: 0.0pt; padding-left: 6.33pt; padding-right: 6.33pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-left:  0.50pt solid black; border-right:  0.50pt solid black; background-color: #296DC1; vertical-align: middle; ">
                                <P style="margin-top: 6.6pt; margin-bottom: 6.6pt; line-height: 1.2; "><FONT style="font-family: Arial, sans-serif; font-weight: bold; color: #FFFFFF; font-size: 20.0pt; "><font style='white-space: pre-wrap;'>Terms</font></FONT></P>
                            </TD>
                        </TR>
                        <TR style="vertical-align: top; min-height: 1.10pt; ">
                            <TD style="padding-top: 0.0pt; padding-left: 6.33pt; padding-right: 6.33pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-left:  0.50pt solid black; border-right:  0.50pt solid black; background-color: #D9D9D9; ">
                                <P style="margin-top: 6.6pt; margin-bottom: 6.6pt; line-height: 19.0pt; "><FONT style="font-family: Arial, sans-serif; font-weight: bold; color: #000000; font-size: 13.0pt; "><font style='white-space: pre-wrap;'>Issuer:</font></FONT></P>
                            </TD>
                            <TD style="padding-top: 0.0pt; padding-left: 6.33pt; padding-right: 6.33pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-right:  0.50pt solid black; border-left:  0.50pt solid black; ">
                                <P style="margin-top: 6.6pt; margin-bottom: 6.6pt; line-height: 19.0pt; "><FONT style="font-family: Arial, sans-serif; color: #000000; font-size: 13.0pt; "><font style='white-space: pre-wrap;'>Morgan Stanley Finance LLC</font></FONT></P>
                            </TD>
                        </TR>
                        <TR style="vertical-align: top; min-height: 1.10pt; ">
                            <TD style="padding-top: 0.0pt; padding-left: 6.33pt; padding-right: 6.33pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-left:  0.50pt solid black; border-right:  0.50pt solid black; background-color: #D9D9D9; ">
                                <P style="margin-top: 6.6pt; margin-bottom: 6.6pt; line-height: 19.0pt; "><FONT style="font-family: Arial, sans-serif; font-weight: bold; color: #000000; font-size: 13.0pt; "><font style='white-space: pre-wrap;'>Guarantor:</font></FONT></P>
                            </TD>
                            <TD style="padding-top: 0.0pt; padding-left: 6.33pt; padding-right: 6.33pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-right:  0.50pt solid black; border-left:  0.50pt solid black; ">
                                <P style="margin-top: 6.6pt; margin-bottom: 6.6pt; line-height: 19.0pt; "><FONT style="font-family: Arial, sans-serif; color: #000000; font-size: 13.0pt; "><font style='white-space: pre-wrap;'>Morgan Stanley</font></FONT></P>
                            </TD>
                        </TR>
                        <TR style="vertical-align: top; min-height: 1.10pt; ">
                            <TD style="padding-top: 0.0pt; padding-left: 6.33pt; padding-right: 6.33pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-left:  0.50pt solid black; border-right:  0.50pt solid black; background-color: #D9D9D9; ">
                                <P style="margin-top: 6.6pt; margin-bottom: 6.6pt; line-height: 19.0pt; "><FONT style="font-family: Arial, sans-serif; font-weight: bold; color: #000000; font-size: 13.0pt; "><font style='white-space: pre-wrap;'>Underlier:</font></FONT></P>
                            </TD>
                            <TD style="padding-top: 0.0pt; padding-left: 6.33pt; padding-right: 6.33pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-right:  0.50pt solid black; border-left:  0.50pt solid black; ">
                                <P style="margin-top: 6.6pt; margin-bottom: 6.6pt; line-height: 19.0pt; "><FONT style="font-family: Arial, sans-serif; color: #000000; font-size: 13.0pt; "><font style='white-space: pre-wrap;'>S&amp;P 500</font></FONT><FONT style="font-family: Arial, sans-serif; color: #000000; font-size: 11pt; vertical-align: super; "><font style='white-space: pre-wrap;'>&#174;</font></FONT><FONT style="font-family: Arial, sans-serif; color: #000000; font-size: 13.0pt; "><font style='white-space: pre-wrap;'> Futures Excess Return Index&#8236;&#8236; (SPXFP)</font></FONT></P>
                            </TD>
                        </TR>
                        <TR style="vertical-align: top; min-height: 1.10pt; ">
                            <TD style="padding-top: 0.0pt; padding-left: 6.33pt; padding-right: 6.33pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-left:  0.50pt solid black; border-right:  0.50pt solid black; background-color: #D9D9D9; ">
                                <P style="margin-top: 6.6pt; margin-bottom: 6.6pt; line-height: 19.0pt; "><FONT style="font-family: Arial, sans-serif; font-weight: bold; color: #000000; font-size: 13.0pt; "><font style='white-space: pre-wrap;'>Participation rate:</font></FONT></P>
                            </TD>
                            <TD style="padding-top: 0.0pt; padding-left: 6.33pt; padding-right: 6.33pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-right:  0.50pt solid black; border-left:  0.50pt solid black; ">
                                <P style="margin-top: 6.6pt; margin-bottom: 6.6pt; line-height: 19.0pt; "><FONT style="font-family: Arial, sans-serif; color: #000000; font-size: 13.0pt; "><font style='white-space: pre-wrap;'>104% to 114%</font></FONT></P>
                            </TD>
                        </TR>
                        <TR style="vertical-align: top; min-height: 1.10pt; ">
                            <TD style="padding-top: 0.0pt; padding-left: 6.33pt; padding-right: 6.33pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-left:  0.50pt solid black; border-right:  0.50pt solid black; background-color: #D9D9D9; ">
                                <P style="margin-top: 6.6pt; margin-bottom: 6.6pt; line-height: 19.0pt; "><FONT style="font-family: Arial, sans-serif; font-weight: bold; color: #000000; font-size: 13.0pt; "><font style='white-space: pre-wrap;'>Pricing date:</font></FONT></P>
                            </TD>
                            <TD style="padding-top: 0.0pt; padding-left: 6.33pt; padding-right: 6.33pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-right:  0.50pt solid black; border-left:  0.50pt solid black; ">
                                <P style="margin-top: 6.6pt; margin-bottom: 6.6pt; line-height: 19.0pt; "><FONT style="font-family: Arial, sans-serif; color: #000000; font-size: 13.0pt; "><font style='white-space: pre-wrap;'>November 24, 2025</font></FONT></P>
                            </TD>
                        </TR>
                        <TR style="vertical-align: top; min-height: 1.10pt; ">
                            <TD style="padding-top: 0.0pt; padding-left: 6.33pt; padding-right: 6.33pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-left:  0.50pt solid black; border-right:  0.50pt solid black; background-color: #D9D9D9; ">
                                <P style="margin-top: 6.6pt; margin-bottom: 6.6pt; line-height: 19.0pt; "><FONT style="font-family: Arial, sans-serif; font-weight: bold; color: #000000; font-size: 13.0pt; "><font style='white-space: pre-wrap;'>Observation date:</font></FONT></P>
                            </TD>
                            <TD style="padding-top: 0.0pt; padding-left: 6.33pt; padding-right: 6.33pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-right:  0.50pt solid black; border-left:  0.50pt solid black; ">
                                <P style="margin-top: 6.6pt; margin-bottom: 6.6pt; line-height: 19.0pt; "><FONT style="font-family: Arial, sans-serif; color: #000000; font-size: 13.0pt; "><font style='white-space: pre-wrap;'>November 25, 2030</font></FONT></P>
                            </TD>
                        </TR>
                        <TR style="vertical-align: top; min-height: 1.10pt; ">
                            <TD style="padding-top: 0.0pt; padding-left: 6.33pt; padding-right: 6.33pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-left:  0.50pt solid black; border-right:  0.50pt solid black; background-color: #D9D9D9; ">
                                <P style="margin-top: 6.6pt; margin-bottom: 6.6pt; line-height: 19.0pt; "><FONT style="font-family: Arial, sans-serif; font-weight: bold; color: #000000; font-size: 13.0pt; "><font style='white-space: pre-wrap;'>Maturity date:</font></FONT></P>
                            </TD>
                            <TD style="padding-top: 0.0pt; padding-left: 6.33pt; padding-right: 6.33pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-right:  0.50pt solid black; border-left:  0.50pt solid black; ">
                                <P style="margin-top: 6.6pt; margin-bottom: 6.6pt; line-height: 19.0pt; "><FONT style="font-family: Arial, sans-serif; color: #000000; font-size: 13.0pt; "><font style='white-space: pre-wrap;'>November 29, 2030</font></FONT></P>
                            </TD>
                        </TR>
                        <TR style="vertical-align: top; min-height: 1.10pt; ">
                            <TD style="padding-top: 0.0pt; padding-left: 6.33pt; padding-right: 6.33pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-left:  0.50pt solid black; border-right:  0.50pt solid black; background-color: #D9D9D9; ">
                                <P style="margin-top: 6.6pt; margin-bottom: 6.6pt; line-height: 19.0pt; "><FONT style="font-family: Arial, sans-serif; font-weight: bold; color: #000000; font-size: 13.0pt; "><font style='white-space: pre-wrap;'>CUSIP:</font></FONT></P>
                            </TD>
                            <TD style="padding-top: 0.0pt; padding-left: 6.33pt; padding-right: 6.33pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-right:  0.50pt solid black; border-left:  0.50pt solid black; ">
                                <P style="margin-top: 6.6pt; margin-bottom: 6.6pt; line-height: 19.0pt; "><FONT style="font-family: Arial, sans-serif; color: #000000; font-size: 13.0pt; "><font style='white-space: pre-wrap;'>61779PS97</font></FONT></P>
                            </TD>
                        </TR>
                        <TR style="vertical-align: top; min-height: 1.10pt; ">
                            <TD style="padding-top: 0.0pt; padding-left: 6.33pt; padding-right: 6.33pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-left:  0.50pt solid black; border-right:  0.50pt solid black; background-color: #D9D9D9; ">
                                <P style="margin-top: 6.6pt; margin-bottom: 6.6pt; line-height: 19.0pt; "><FONT style="font-family: Arial, sans-serif; font-weight: bold; color: #000000; font-size: 13.0pt; "><font style='white-space: pre-wrap;'>Estimated value:</font></FONT></P>
                            </TD>
                            <TD style="padding-top: 0.0pt; padding-left: 6.33pt; padding-right: 6.33pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-right:  0.50pt solid black; border-left:  0.50pt solid black; ">
                                <P style="margin-top: 6.6pt; margin-bottom: 6.6pt; line-height: 19.0pt; "><FONT style="font-family: Arial, sans-serif; color: #000000; font-size: 13.0pt; "><font style='white-space: pre-wrap;'>$939.50 per note, or within $55.00 of that estimate</font></FONT></P>
                            </TD>
                        </TR>
                        <TR style="vertical-align: top; min-height: 1.10pt; ">
                            <TD style="padding-top: 0.0pt; padding-left: 6.33pt; padding-right: 6.33pt; padding-bottom: 0.0pt; border-bottom:  0.50pt solid black; border-top:  0.50pt solid black; border-left:  0.50pt solid black; border-right:  0.50pt solid black; background-color: #D9D9D9; ">
                                <P style="margin-top: 6.6pt; margin-bottom: 6.6pt; line-height: 19.0pt; "><FONT style="font-family: Arial, sans-serif; font-weight: bold; color: #000000; font-size: 13.0pt; "><font style='white-space: pre-wrap;'>Preliminary pricing supplement:</font></FONT></P>
                            </TD>
                            <TD style="padding-top: 0.0pt; padding-left: 6.33pt; padding-right: 6.33pt; padding-bottom: 0.0pt; border-bottom:  0.50pt solid black; border-top:  0.50pt solid black; border-right:  0.50pt solid black; border-left:  0.50pt solid black; ">
                                <P style="margin-top: 0; margin-bottom: 0; word-break: break-all; "><FONT style="font-family: Arial, sans-serif; color: #000000; font-size: 13.0pt; "><font style='white-space: pre-wrap;'><A HREF="https://www.sec.gov/Archives/edgar/data/895421/000183988225062871/ms11670_424b2-36305.htm">https://www.sec.gov/Archives/edgar/data/895421/000183988225062871/ms11670_424b2-36305.htm</A></font></FONT></P>
                            </TD>
                        </TR>
                    </TABLE>
                    <P style="margin-top: 3.3pt; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; color: #000000; font-size: 7pt; vertical-align: super; "><font style='white-space: pre-wrap;'>1</font></FONT><FONT style="font-family: Arial, sans-serif; color: #000000; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>All payments are subject to our credit risk </font></FONT></P>
                </DIV>
                <DIV style="width: 39.60pt; float: left; ">
                    <P>&nbsp;</P>
                </DIV>
                <DIV style="width: 375.20pt; float: left; ">
                    <P style="text-align: center; margin-top: 0; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-weight: bold; font-size: 14.0pt; "><font style='white-space: pre-wrap;'>Hypothetical Payment at Maturity</font></FONT><FONT style="font-family: Arial, sans-serif; font-weight: bold; font-size: 9pt; vertical-align: super; "><font style='white-space: pre-wrap;'>1</font></FONT></P>
                    <P style="line-height: 10.0pt; text-align: center; margin-top: 0; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>The payoff diagram and table below illustrate the payment at maturity for a range of hypothetical performances of the underlier over the term of the notes.</font></FONT></P>
                    <P style="margin-bottom: 6.6pt; text-align: center; margin-top: 0; "><FONT style="font-family: Arial, sans-serif; font-weight: bold; font-size: 15.0pt; "><FONT style="width: 288.42pt; height: 217.53pt; ">                                <IMG width="288.42pt" height="217.53pt" src="image1.gif" style="width: 288.42pt; height: 217.53pt; ">
                                </FONT></FONT></P>
                    <DIV style="float: left; padding-top: 0.65pt; ">
                        <TABLE width="348.48pt" style="margin-left: 0.0pt; width: 348.48pt; table-layout: fixed; border-collapse: collapse; ">
                            <TR>
                                <TD width="174.24pt" style="width: 174.24pt; border: 0; margin: 0; padding: 0; height: 0; ">
                                </TD>
                                <TD width="174.24pt" style="width: 174.24pt; border: 0; margin: 0; padding: 0; height: 0; ">
                                </TD>
                            </TR>
                            <TR style="vertical-align: top; min-height: 1.10pt; ">
                                <TD style="padding-top: 0.0pt; padding-left: 0.0pt; padding-right: 0.0pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-left:  0.50pt solid black; border-right:  0.50pt solid black; background-color: #296DC1; vertical-align: middle; ">
                                    <P style="margin-top: 1.1pt; margin-bottom: 1.1pt; line-height: 11.0pt; text-align: center; "><FONT style="font-family: Arial, sans-serif; font-weight: bold; color: #FFFFFF; font-size: 10.0pt; "><font style='white-space: pre-wrap;'>% Change in Closing Level of the Underlier</font></FONT></P>
                                </TD>
                                <TD style="padding-top: 0.0pt; padding-left: 0.0pt; padding-right: 0.0pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-right:  0.50pt solid black; border-left:  0.50pt solid black; background-color: #296DC1; vertical-align: middle; ">
                                    <P style="margin-top: 1.1pt; margin-bottom: 1.1pt; line-height: 11.0pt; text-align: center; "><FONT style="font-family: Arial, sans-serif; font-weight: bold; color: #FFFFFF; font-size: 10.0pt; "><font style='white-space: pre-wrap;'>Payment at Maturity per Note</font></FONT></P>
                                </TD>
                            </TR>
                            <TR style="vertical-align: top; min-height: 1.10pt; ">
                                <TD style="padding-top: 0.0pt; padding-left: 0.0pt; padding-right: 0.0pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-left:  0.50pt solid black; border-right:  0.50pt solid black; background-color: #FFFFFF; vertical-align: middle; ">
                                    <P style="margin-top: 3.3pt; margin-bottom: 3.3pt; line-height: 10.0pt; text-align: center; "><FONT style="font-family: Arial, sans-serif; color: #000000; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>+60.00%</font></FONT></P>
                                </TD>
                                <TD style="padding-top: 0.0pt; padding-left: 0.0pt; padding-right: 0.0pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-right:  0.50pt solid black; border-left:  0.50pt solid black; background-color: #FFFFFF; ">
                                    <P style="margin-top: 3.3pt; margin-bottom: 3.3pt; line-height: 10.0pt; text-align: center; "><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>$1,624.00*</font></FONT></P>
                                </TD>
                            </TR>
                            <TR style="vertical-align: top; min-height: 1.10pt; ">
                                <TD style="padding-top: 0.0pt; padding-left: 0.0pt; padding-right: 0.0pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-left:  0.50pt solid black; border-right:  0.50pt solid black; background-color: #D0CECE; vertical-align: middle; ">
                                    <P style="margin-top: 3.3pt; margin-bottom: 3.3pt; line-height: 10.0pt; text-align: center; "><FONT style="font-family: Arial, sans-serif; color: #000000; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>+40.00%</font></FONT></P>
                                </TD>
                                <TD style="padding-top: 0.0pt; padding-left: 0.0pt; padding-right: 0.0pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-right:  0.50pt solid black; border-left:  0.50pt solid black; background-color: #D0CECE; ">
                                    <P style="margin-top: 3.3pt; margin-bottom: 3.3pt; line-height: 10.0pt; text-align: center; "><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>$1,416.00*</font></FONT></P>
                                </TD>
                            </TR>
                            <TR style="vertical-align: top; min-height: 1.10pt; ">
                                <TD style="padding-top: 0.0pt; padding-left: 0.0pt; padding-right: 0.0pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-left:  0.50pt solid black; border-right:  0.50pt solid black; vertical-align: middle; ">
                                    <P style="margin-top: 3.3pt; margin-bottom: 3.3pt; line-height: 10.0pt; text-align: center; "><FONT style="font-family: Arial, sans-serif; color: #000000; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>+20.00%</font></FONT></P>
                                </TD>
                                <TD style="padding-top: 0.0pt; padding-left: 0.0pt; padding-right: 0.0pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-right:  0.50pt solid black; border-left:  0.50pt solid black; ">
                                    <P style="margin-top: 3.3pt; margin-bottom: 3.3pt; line-height: 10.0pt; text-align: center; "><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>$1,208.00*</font></FONT></P>
                                </TD>
                            </TR>
                            <TR style="vertical-align: top; min-height: 1.10pt; ">
                                <TD style="padding-top: 0.0pt; padding-left: 0.0pt; padding-right: 0.0pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-left:  0.50pt solid black; border-right:  0.50pt solid black; background-color: #D9D9D9; vertical-align: middle; ">
                                    <P style="margin-top: 3.3pt; margin-bottom: 3.3pt; line-height: 10.0pt; text-align: center; "><FONT style="font-family: Arial, sans-serif; color: #000000; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>0.00%</font></FONT></P>
                                </TD>
                                <TD style="padding-top: 0.0pt; padding-left: 0.0pt; padding-right: 0.0pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-right:  0.50pt solid black; border-left:  0.50pt solid black; background-color: #D9D9D9; ">
                                    <P style="margin-top: 3.3pt; margin-bottom: 3.3pt; line-height: 10.0pt; text-align: center; "><FONT style="font-family: Arial, sans-serif; color: #000000; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>$1,000.00</font></FONT></P>
                                </TD>
                            </TR>
                            <TR style="vertical-align: top; min-height: 1.10pt; ">
                                <TD style="padding-top: 0.0pt; padding-left: 0.0pt; padding-right: 0.0pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-left:  0.50pt solid black; border-right:  0.50pt solid black; vertical-align: middle; ">
                                    <P style="margin-top: 3.3pt; margin-bottom: 3.3pt; line-height: 10.0pt; text-align: center; "><FONT style="font-family: Arial, sans-serif; color: #000000; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>-20.00%</font></FONT></P>
                                </TD>
                                <TD style="padding-top: 0.0pt; padding-left: 0.0pt; padding-right: 0.0pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-right:  0.50pt solid black; border-left:  0.50pt solid black; vertical-align: middle; ">
                                    <P style="margin-top: 3.3pt; margin-bottom: 3.3pt; line-height: 10.0pt; text-align: center; "><FONT style="font-family: Arial, sans-serif; color: #000000; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>$1,000.00</font></FONT></P>
                                </TD>
                            </TR>
                            <TR style="vertical-align: top; min-height: 1.10pt; ">
                                <TD style="padding-top: 0.0pt; padding-left: 0.0pt; padding-right: 0.0pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-left:  0.50pt solid black; border-right:  0.50pt solid black; background-color: #D9D9D9; vertical-align: middle; ">
                                    <P style="margin-top: 3.3pt; margin-bottom: 3.3pt; line-height: 10.0pt; text-align: center; "><FONT style="font-family: Arial, sans-serif; color: #000000; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>-40.00%</font></FONT></P>
                                </TD>
                                <TD style="padding-top: 0.0pt; padding-left: 0.0pt; padding-right: 0.0pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-right:  0.50pt solid black; border-left:  0.50pt solid black; background-color: #D9D9D9; vertical-align: middle; ">
                                    <P style="margin-top: 3.3pt; margin-bottom: 3.3pt; line-height: 10.0pt; text-align: center; "><FONT style="font-family: Arial, sans-serif; color: #000000; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>$1,000.00</font></FONT></P>
                                </TD>
                            </TR>
                            <TR style="vertical-align: top; min-height: 1.10pt; ">
                                <TD style="padding-top: 0.0pt; padding-left: 0.0pt; padding-right: 0.0pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-left:  0.50pt solid black; border-right:  0.50pt solid black; vertical-align: middle; ">
                                    <P style="margin-top: 3.3pt; margin-bottom: 3.3pt; line-height: 10.0pt; text-align: center; "><FONT style="font-family: Arial, sans-serif; color: #000000; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>-60.00%</font></FONT></P>
                                </TD>
                                <TD style="padding-top: 0.0pt; padding-left: 0.0pt; padding-right: 0.0pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-right:  0.50pt solid black; border-left:  0.50pt solid black; vertical-align: middle; ">
                                    <P style="margin-top: 3.3pt; margin-bottom: 3.3pt; line-height: 10.0pt; text-align: center; "><FONT style="font-family: Arial, sans-serif; color: #000000; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>$1,000.00</font></FONT></P>
                                </TD>
                            </TR>
                            <TR style="vertical-align: top; min-height: 1.10pt; ">
                                <TD style="padding-top: 0.0pt; padding-left: 0.0pt; padding-right: 0.0pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-left:  0.50pt solid black; border-right:  0.50pt solid black; background-color: #D9D9D9; vertical-align: middle; ">
                                    <P style="margin-top: 3.3pt; margin-bottom: 3.3pt; line-height: 10.0pt; text-align: center; "><FONT style="font-family: Arial, sans-serif; color: #000000; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>-80.00%</font></FONT></P>
                                </TD>
                                <TD style="padding-top: 0.0pt; padding-left: 0.0pt; padding-right: 0.0pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-right:  0.50pt solid black; border-left:  0.50pt solid black; background-color: #D9D9D9; vertical-align: middle; ">
                                    <P style="margin-top: 3.3pt; margin-bottom: 3.3pt; line-height: 10.0pt; text-align: center; "><FONT style="font-family: Arial, sans-serif; color: #000000; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>$1,000.00</font></FONT></P>
                                </TD>
                            </TR>
                            <TR style="vertical-align: top; min-height: 1.10pt; ">
                                <TD style="padding-top: 0.0pt; padding-left: 0.0pt; padding-right: 0.0pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-left:  0.50pt solid black; border-right:  0.50pt solid black; vertical-align: middle; ">
                                    <P style="margin-top: 3.3pt; margin-bottom: 3.3pt; line-height: 10.0pt; text-align: center; "><FONT style="font-family: Arial, sans-serif; color: #000000; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>-100.00%</font></FONT></P>
                                </TD>
                                <TD style="padding-top: 0.0pt; padding-left: 0.0pt; padding-right: 0.0pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-right:  0.50pt solid black; border-left:  0.50pt solid black; vertical-align: middle; ">
                                    <P style="margin-top: 3.3pt; margin-bottom: 3.3pt; line-height: 10.0pt; text-align: center; "><FONT style="font-family: Arial, sans-serif; color: #000000; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>$1,000.00</font></FONT></P>
                                </TD>
                            </TR>
                            <TR style="vertical-align: top; min-height: 1.10pt; ">
                                <TD colspan="2" style="padding-top: 0.0pt; padding-left: 0.0pt; padding-right: 0.0pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; vertical-align: middle; ">
                                    <P style="margin-top: 3.3pt; margin-bottom: 3.3pt; line-height: 10.0pt; text-align: center; "><FONT style="font-family: Arial, sans-serif; font-style: italic; color: #000000; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>*Assumes a</font></FONT><FONT style="font-style: italic; font-family: Times New Roman, Times, serif; font-size: 12.0pt; "><font style='white-space: pre-wrap;'> </font></FONT><FONT style="font-family: Arial, sans-serif; font-style: italic; color: #000000; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>participation rate of 104%</font></FONT></P>
                                </TD>
                            </TR>
                        </TABLE>
                    </DIV>
                </DIV>
<BR clear="all" style="font-size: 1px; ">
            </DIV>
            <DIV style="width: 792.00pt; padding: 0 39.60pt 15.84pt 39.60pt; min-height: 23.76pt; position: relative; ">
                <P style="margin-top: 0; margin-bottom: 0; "><FONT style="font-family: Times New Roman, Times, serif; ">&nbsp;</FONT></P>
            </DIV>
        </DIV>
        <DIV style="page-break-after: always; border-bottom: 1pt solid black; ">
            <P></P>
        </DIV>
        <DIV style="margin: auto; width: 871.20pt; padding: 36pt 0; ">
            <DIV style="width: 792.00pt; padding: 30.09pt 39.60pt 0 39.60pt; min-height: 10.00pt; position: relative; ">
                <P style="margin-top: 0; margin-bottom: 0; "><FONT style="font-family: Times New Roman, Times, serif; ">&nbsp;</FONT></P>
            </DIV>
            <DIV style="width: 792.00pt; padding: 10pt 39.60pt 10pt 39.60pt; position: relative; margin-bottom: 20pt; ">
                <P style="border-top:  0.50pt solid black; margin-top: 6.6pt; line-height: 9.0pt; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-size: 8.0pt; "><font style='white-space: pre-wrap;'>The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-584-6837.</font></FONT></P>
                <P style="margin-top: 3.3pt; margin-bottom: 3.3pt; line-height: 1.2; "><FONT style="font-family: Arial, sans-serif; font-weight: bold; font-size: 12.0pt; "><font style='white-space: pre-wrap;'>Underlier(s)</font></FONT></P>
                <P style="margin-top: 1.1pt; margin-bottom: 1.1pt; line-height: 11.0pt; "><FONT style="font-family: Arial, sans-serif; font-size: 10.0pt;"><font style='white-space: pre-wrap;'>For more information about the underlier(s), including historical performance information, see the accompanying preliminary pricing supplement.</font></FONT></P>
                <P style="margin-top: 3.3pt; margin-bottom: 3.3pt; line-height: 1.2; "><FONT style="font-family: Arial, sans-serif; font-weight: bold; font-size: 12.0pt; "><font style='white-space: pre-wrap;'>Risk Considerations</font></FONT></P>
                <P style="margin-top: 1.1pt; margin-bottom: 1.1pt; line-height: 11.0pt; "><FONT style="font-family: Arial, sans-serif; font-size: 11.0pt;"><font style='white-space: pre-wrap;'>The risks set forth below are discussed in more detail in the &#8220;Risk Factors&#8221; section in the accompanying preliminary pricing supplement.  Please review those risk factors carefully prior to making an investment decision. </font></FONT></P>
                <P style="margin-top: 3.3pt; margin-bottom: 3.3pt; line-height: 11.0pt; "><FONT style="font-family: Arial, sans-serif; font-size: 11.0pt; text-decoration-style: solid; text-decoration-line: underline; "><U><font style='white-space: pre-wrap;'>Risks Relating to an Investment in the </font></U><U><font style='white-space: pre-wrap;'>Notes</font></U></FONT></P>
                <P style="margin-top: 1.1pt; margin-bottom: 1.1pt; line-height: 11.0pt; text-align: left; margin-left: 19.80pt; text-indent: -19.80pt; "><!--[if IE]<FONT style="display: inline-block; width: 19.80pt; text-indent: -19.80pt; "><![endif]--><FONT style="display: inline-block; width: 19.80pt; text-indent: 0; text-align: left; color: #296DC1; font-size: 9.0pt; ">&#9679;</FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>The notes may not pay more than the stated principal amount at maturity.</font></FONT></FONT></P>
                <P style="margin-top: 1.1pt; margin-bottom: 1.1pt; line-height: 11.0pt; text-align: left; margin-left: 19.80pt; text-indent: -19.80pt; "><!--[if IE]<FONT style="display: inline-block; width: 19.80pt; text-indent: -19.80pt; "><![endif]--><FONT style="display: inline-block; width: 19.80pt; text-indent: 0; text-align: left; color: #296DC1; font-size: 9.0pt; ">&#9679;</FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>The notes do not pay interest.</font></FONT></FONT></P>
                <P style="margin-top: 1.1pt; margin-bottom: 1.1pt; line-height: 11.0pt; text-align: left; margin-left: 19.80pt; text-indent: -19.80pt; "><!--[if IE]<FONT style="display: inline-block; width: 19.80pt; text-indent: -19.80pt; "><![endif]--><FONT style="display: inline-block; width: 19.80pt; text-indent: 0; text-align: left; color: #296DC1; font-size: 9.0pt; ">&#9679;</FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>The amount payable on the notes is not linked to the value of the underlier at any time other than the observation date.</font></FONT></FONT></P>
                <P style="margin-top: 1.1pt; margin-bottom: 1.1pt; line-height: 11.0pt; text-align: left; margin-left: 19.80pt; text-indent: -19.80pt; "><!--[if IE]<FONT style="display: inline-block; width: 19.80pt; text-indent: -19.80pt; "><![endif]--><FONT style="display: inline-block; width: 19.80pt; text-indent: 0; text-align: left; color: #296DC1; font-size: 9.0pt; ">&#9679;</FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>The market price of the notes may be influenced by many unpredictable factors.</font></FONT></FONT></P>
                <P style="margin-top: 1.1pt; margin-bottom: 1.1pt; line-height: 11.0pt; text-align: left; margin-left: 19.80pt; text-indent: -19.80pt; "><!--[if IE]<FONT style="display: inline-block; width: 19.80pt; text-indent: -19.80pt; "><![endif]--><FONT style="display: inline-block; width: 19.80pt; text-indent: 0; text-align: left; color: #296DC1; font-size: 9.0pt; ">&#9679;</FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>The notes are subject to our credit risk, and any actual or anticipated changes to our credit ratings or credit spreads may adversely affect the market value of the notes.</font></FONT></FONT></P>
                <P style="margin-top: 1.1pt; margin-bottom: 1.1pt; line-height: 11.0pt; text-align: left; margin-left: 19.80pt; text-indent: -19.80pt; "><!--[if IE]<FONT style="display: inline-block; width: 19.80pt; text-indent: -19.80pt; "><![endif]--><FONT style="display: inline-block; width: 19.80pt; text-indent: 0; text-align: left; color: #296DC1; font-size: 9.0pt; ">&#9679;</FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>As a finance subsidiary, MSFL has no independent operations and will have no independent assets.</font></FONT></FONT></P>
                <P style="margin-top: 1.1pt; margin-bottom: 1.1pt; line-height: 11.0pt; text-align: left; margin-left: 19.80pt; text-indent: -19.80pt; "><!--[if IE]<FONT style="display: inline-block; width: 19.80pt; text-indent: -19.80pt; "><![endif]--><FONT style="display: inline-block; width: 19.80pt; text-indent: 0; text-align: left; color: #296DC1; font-size: 9.0pt; ">&#9679;</FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>The rate we are willing to pay for securities of this type, maturity and issuance size is likely to be lower than the rate implied by our secondary market credit spreads and advantageous to us. Both the lower rate and the inclusion of costs associated with issuing, selling, structuring and hedging the notes in the original issue price reduce the economic terms of the notes, cause the estimated value of the notes to be less than the original issue price and will adversely affect secondary market prices.</font></FONT></FONT></P>
                <P style="margin-top: 1.1pt; margin-bottom: 1.1pt; line-height: 11.0pt; text-align: left; margin-left: 19.80pt; text-indent: -19.80pt; "><!--[if IE]<FONT style="display: inline-block; width: 19.80pt; text-indent: -19.80pt; "><![endif]--><FONT style="display: inline-block; width: 19.80pt; text-indent: 0; text-align: left; color: #296DC1; font-size: 9.0pt; ">&#9679;</FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>The estimated value of the notes is determined by reference to our pricing and valuation models, which may differ from those of other dealers and is not a maximum or minimum secondary market price.</font></FONT></FONT></P>
                <P style="margin-top: 1.1pt; margin-bottom: 1.1pt; line-height: 11.0pt; text-align: left; margin-left: 19.80pt; text-indent: -19.80pt; "><!--[if IE]<FONT style="display: inline-block; width: 19.80pt; text-indent: -19.80pt; "><![endif]--><FONT style="display: inline-block; width: 19.80pt; text-indent: 0; text-align: left; color: #296DC1; font-size: 9.0pt; ">&#9679;</FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>The notes will not be listed on any securities exchange and secondary trading may be limited.</font></FONT></FONT></P>
                <P style="margin-top: 1.1pt; margin-bottom: 1.1pt; line-height: 11.0pt; text-align: left; margin-left: 19.80pt; text-indent: -19.80pt; "><!--[if IE]<FONT style="display: inline-block; width: 19.80pt; text-indent: -19.80pt; "><![endif]--><FONT style="display: inline-block; width: 19.80pt; text-indent: 0; text-align: left; color: #296DC1; font-size: 9.0pt; ">&#9679;</FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>As discussed in more detail in the accompanying product supplement, investing in the notes is not equivalent to investing in the underlier(s).</font></FONT></FONT></P>
                <P style="margin-top: 1.1pt; margin-bottom: 1.1pt; line-height: 11.0pt; text-align: left; margin-left: 19.80pt; text-indent: -19.80pt; "><!--[if IE]<FONT style="display: inline-block; width: 19.80pt; text-indent: -19.80pt; "><![endif]--><FONT style="display: inline-block; width: 19.80pt; text-indent: 0; text-align: left; color: #296DC1; font-size: 9.0pt; ">&#9679;</FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>You may be required to recognize taxable income on the notes prior to maturity.</font></FONT></FONT></P>
                <P style="margin-top: 3.3pt; margin-bottom: 3.3pt; line-height: 11.0pt; "><FONT style="font-family: Arial, sans-serif; font-size: 11.0pt; text-decoration-style: solid; text-decoration-line: underline; "><U><font style='white-space: pre-wrap;'>Risks Relating to the </font></U><U><font style='white-space: pre-wrap;'>Underlier(s)</font></U></FONT></P>
                <P style="margin-top: 1.1pt; margin-bottom: 1.1pt; line-height: 11.0pt; text-align: left; margin-left: 19.80pt; text-indent: -19.80pt; "><!--[if IE]<FONT style="display: inline-block; width: 19.80pt; text-indent: -19.80pt; "><![endif]--><FONT style="display: inline-block; width: 19.80pt; text-indent: 0; text-align: left; color: #296DC1; font-size: 9.0pt; ">&#9679;</FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-family: Arial, sans-serif; font-style: italic; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>Because your return on the notes will depend upon the performance of the underlier(s), the notes are subject to the following risk(s), as discussed in more detail in the accompanying product supplement.</font></FONT></FONT></P>
                <P style="margin-top: 1.1pt; margin-bottom: 1.1pt; line-height: 11.0pt; text-align: left; margin-left: 39.60pt; text-indent: -19.80pt; "><!--[if IE]<FONT style="display: inline-block; width: 19.80pt; text-indent: -19.80pt; "><![endif]--><FONT style="display: inline-block; width: 19.80pt; text-indent: 0; text-align: left; font-family: Times New Roman, Times, serif; font-size: 9.0pt; ">o</FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-family: Arial, sans-serif; color: #000000; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>Higher future prices of a futures contract to which the underlier is linked relative to its current prices may adversely affect the value of the underlier and the value of the notes.</font></FONT></FONT></P>
                <P style="margin-top: 1.1pt; margin-bottom: 1.1pt; line-height: 11.0pt; text-align: left; margin-left: 39.60pt; text-indent: -19.80pt; "><!--[if IE]<FONT style="display: inline-block; width: 19.80pt; text-indent: -19.80pt; "><![endif]--><FONT style="display: inline-block; width: 19.80pt; text-indent: 0; text-align: left; font-family: Times New Roman, Times, serif; font-size: 9.0pt; ">o</FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-family: Arial, sans-serif; color: #000000; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>Suspensions or disruptions of market trading in futures markets could adversely affect the value of the notes.</font></FONT></FONT></P>
                <P style="margin-top: 1.1pt; margin-bottom: 1.1pt; line-height: 11.0pt; text-align: left; margin-left: 39.60pt; text-indent: -19.80pt; "><!--[if IE]<FONT style="display: inline-block; width: 19.80pt; text-indent: -19.80pt; "><![endif]--><FONT style="display: inline-block; width: 19.80pt; text-indent: 0; text-align: left; font-family: Times New Roman, Times, serif; font-size: 9.0pt; ">o</FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>Legal and regulatory changes could adversely affect the return on and value of the notes.</font></FONT></FONT></P>
                <P style="margin-top: 1.1pt; margin-bottom: 1.1pt; line-height: 11.0pt; text-align: left; margin-left: 19.80pt; text-indent: -19.80pt; "><!--[if IE]<FONT style="display: inline-block; width: 19.80pt; text-indent: -19.80pt; "><![endif]--><FONT style="display: inline-block; width: 19.80pt; text-indent: 0; text-align: left; color: #296DC1; font-size: 9.0pt; ">&#9679;</FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-family: Arial, sans-serif; color: #000000; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>Adjustments to the S&amp;P 500</font></FONT><FONT style="font-family: Arial, sans-serif; color: #000000; font-size: 5pt; vertical-align: super; "><font style='white-space: pre-wrap;'>&#174;</font></FONT><FONT style="font-family: Arial, sans-serif; color: #000000; font-size: 9.0pt; "><font style='white-space: pre-wrap;'> Futures Excess Return Index could adversely affect the value of the notes.</font></FONT></FONT></P>
                <P style="margin-top: 3.3pt; margin-bottom: 3.3pt; line-height: 11.0pt; "><FONT style="font-family: Arial, sans-serif; font-size: 11.0pt; text-decoration-style: solid; text-decoration-line: underline; "><U><font style='white-space: pre-wrap;'>Risks Relating to Conflicts of Interest</font></U></FONT></P>
                <P style="margin-top: 1.1pt; margin-bottom: 1.1pt; line-height: 11.0pt; text-align: left; margin-left: 19.80pt; text-indent: -19.80pt; "><!--[if IE]<FONT style="display: inline-block; width: 19.80pt; text-indent: -19.80pt; "><![endif]--><FONT style="display: inline-block; width: 19.80pt; text-indent: 0; text-align: left; color: #296DC1; font-size: 9.0pt; ">&#9679;</FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>The calculation agent, which is a subsidiary of Morgan Stanley and an affiliate of MSFL, will make determinations with respect to the notes.</font></FONT></FONT></P>
                <P style="margin-top: 1.1pt; margin-bottom: 1.1pt; line-height: 11.0pt; text-align: left; margin-left: 19.80pt; text-indent: -19.80pt; "><!--[if IE]<FONT style="display: inline-block; width: 19.80pt; text-indent: -19.80pt; "><![endif]--><FONT style="display: inline-block; width: 19.80pt; text-indent: 0; text-align: left; color: #296DC1; font-size: 9.0pt; ">&#9679;</FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>Hedging and trading activity by our affiliates could potentially adversely affect the value of the notes.</font></FONT></FONT></P>
                <P style="margin-top: 3.3pt; margin-bottom: 3.3pt; line-height: 1.2; "><FONT style="font-family: Arial, sans-serif; font-weight: bold; font-size: 12.0pt; "><font style='white-space: pre-wrap;'>Tax Considerations</font></FONT></P>
                <P style="margin-top: 1.1pt; margin-bottom: 1.1pt; line-height: 11.0pt; "><FONT style="font-family: Arial, sans-serif; font-size: 11.0pt;"><font style='white-space: pre-wrap;'>You should review carefully the discussion in the accompanying preliminary pricing supplement under the caption &#8220;Additional Information About the Notes&#8211;United States federal income tax considerations&#8221; concerning the U.S. federal income tax consequences of an investment in the notes, and you should consult your tax adviser.</font></FONT></P>
            </DIV>
            <DIV style="width: 792.00pt; padding: 0 39.60pt 18.21pt 39.60pt; min-height: 21.40pt; position: relative; ">
                <P style="margin-top: 13.2pt; margin-bottom: 0; "><FONT style="font-family: Times New Roman, Times, serif; ">&nbsp;</FONT></P>
            </DIV>
        </DIV>
        <DIV style="border-bottom: 1pt solid black; ">
            <P></P>
        </DIV>
    </BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>image1.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 image1.gif
M1TE&.#EA, -H O<       @"!QD     &1H1&B0  #<'#   +   (P  ,P ,
M-1<"+RDI*20D)#4U-3P\/"$/*T(  $ , %X9 %41$'89 '89#&@6#54M$UX
M(UX +$$ ,U$'+G89*6<8+6XG$7A &79++UA.)P  10$%2   50 97AD97AD
M3", 0", 50 !9P 9>@ 1<Q(1:", 9P$F840 25X 0$, 54$11U<H2D,3;VD?
M8 % =P]&<"=09$U-34-#0UQ<7%16449;5WI)4&1D9&YN;G5U=7IZ>F-S9CI
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M______7\]^WQ[-/7X':+<@
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MT(2S4#BB+%47.%?$ 5]R*D@F9(E%*H$BDBP:L@Z3,!KDS!",-MIH$ !P! T
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MWL*X^OS0$/T672L*F3 *T=#" (O0%TT3(KH[M\< \1S0%AW2:9&XHF#+,9O
M(*W2+B'#O_\,RA8<TS*]$O8,"K*5S#>=TCDM%DB*HU?\TT$-'?]YS7:<O#A]
MU"-QI>E**5+<U$X-$EP\7P  HS=,U57=$6OZ,P]PTA[,U5VM$2 \7>':H 0,
M$V1=U@8J>]T#/@),H'\1&"G++!\;=@,!"QM )"6+&8!(E_OKUG$APZ/ , W:
M>33[B.P0B3AK$-;0!#_$#MP[')WX*T(+MX2MECF,C@W*M+$XBZ@+(6%@!"B0
M6;FH'E>[++YH;0O1UIO]$-Y*T?P9ME_HC-"HUZW !Z;@.O2H(&SK+&\[V+&M
M%@6-C"JJCB;0(01!O.Q@#5D #*V362RY(FU;N*\-U,6-%)Q,.-G_S)^.NR.1
M2[SE, :35CV9>]WU(Y.80I/;G1:LZBT-7:'7( BEN[NHN]LC@MZLJR0W4K@6
MR248^=YGT<I_E<^^^2H7D;M 69>,]2*B@P".$+S),[RCG1"P3> # 8 !X .C
M "E%_9GF8 H8@ "3< J6D$4,<973R]B22SV^7=ECN2^93=P:WA6]3-2^V7G&
M).%G\'42<1ASV;$O7B1( #(FY=M251GVVVB J=DWCN,+K9U+/9C5@ 1S4+J3
ML%GT,A%K?1!'H]<?D>';_:C@[-&"J3K70 7BH0;.!Q*9N9DD0>:QC:3HK-6T
M:0T6< ?FP.8W!6](0>>$/;>?\ !A39TW_S4 .B ".A " 6# @:[=46X3\8K6
M59Z:V' % ;#I 2 'VZ 4@E[5I2S7:*Z:LC *I/ .XC .8BX4H7[4 OL)#ZR>
M6[<.9("42?'J.;VP%"C6M"D+H- )$R '5/($;Q[IDVX5.!F"Z*N>L_ !<R0B
MN2[IR=X2!_I?Y:6>I/4%$I #F?#MF< ).5?/U%[M*F&MH4N@YM )N@ 5NI[0
M%TJB\YV>CF4 "C (R[ 4[\[/(UTXM"V?L8 !2KPA%W04^T[.YARI]#T%)  )
MNY0&$K"0R&[N2O&YW@VBM9!R/E(&)37Q%&_P[(DYADR;W/$(!$$&QV[PY?[Q
M'[&\$R6Z*GH-2/_ 0TPB'&]0-$9Q\+LL>T% G)^ QA_*XP/P SY0 !(.ZBO?
M%]CP#@FQ1/S)FIA@Z+Y>H!L+  J0XDAO+8XU,KJ@=\&"$-80'@RQ3\H3F6$J
M-V6:IN;@#-) Y-,^+;/@ 2XC"R  =E]_$'>O$"\2D9YYH9 RU\6M\RKAYL>B
M'BS@"]W$,;50,9Y!5XEA""?K: (1"R 0 #@0 GP/F:.@.SP@.$TJ<V[$93F?
M]&[Q'Y&E4^'ABWIP#K(!3<$R>3ST0C$$=P5W"A$@^DZYIT&0-0!MI*#?1LGS
M]JD2OW9-"+MP*'F?3<)P#>'A&_,V2&L ;[>!^S;9@0P,*<W>J"8#[2;_$ FM
M'A2"OQ+J( N?  *7P3]*X!WJD J@\ 44$&S!P@HBIS"&T."_/:YRU "0@LJ-
M2C$%<   \:<;.X(%#1Y$F%#A0H8-%T(#X%#B1(H5+5[$F%&B.C4HA%5;(HG<
M%1.>2)E*\5&))%8I#98#$\<;.XYMN&G$F5/G3IX]??Z\V S 4  \=C 8!53I
M4J9-G3Z%FM&<*0P 8!1;%S4J1*U=O2HM5T5FP5DR5$IZM4$8038+SMZRL,@@
M1Q;)V(6U^57O7KY]<6XB"J '@QW0_!Y&G%BQ7EE/ B08]&TQ3ZZ3+>]MM2$R
M.VQ:WG2KEF11VD;K9($8\5&TNC$FB+5SY8'2_ZT.?LZYFI#W\F[>O26F&Q(X
M^)!QOHT?1\ZW7!H#5G6-&Q<N>O'D#"M7QZZQ7>.A!P9INXM& !WF 7!THK#(
MG'@ZV;P( &!"5U;N.$+HSIY?_]-P.X@R^&243]K9KT ##T2HFB,"8Q"_ J]#
M,$**VB$0(W4DQ#!#B9QQ@*@=0&DF' U')'$R;+CH(4455?Q#L@,A+#%&&6>D
M<2%0 NM!E&;$J;%''[VZ$$$8?R2R2"-]:P<PHHAHQIETCH0R2BF'E+)**Z_\
M29P@ MND&6@JQ#),,2.D<DPSSSPSG Z'8@ 4441$,TXY?2MS3COOI%$HHA[P
MH9DG\00TT*_J%%0C!?\#&P&2<PY2PT&&&KUI(@4-R:K0.)4<Z@$ ,+&TT_S^
M')%03RNJ9J6"7O%@$C!I:FK24<<$+C ' 'RU5M^L66*/;4*-R%9#327('"G:
M2^(' T8HPJ:6X(D  #G HZ8+  Y0!!TUW.!F60,&\$,R;-)HEEMM7/6URG"V
M'*J!!G9PIEQW%Z/F@S8&TE#4=Q,J59*"KI'BCFR.: $9:M!0MH!GK6G"7RH^
M:R4"1B!EI0 <MJD%A#S0,>.-9=0YQ8!%R+VW2 Z)ZC ('D-&>:]RT#"@CUV<
M@5F:2@VT-V6"2G6DH%,V<$3!.]!A!^(%**$)C#94H4#?@H0FFATV4!C&(&S_
MCC!DTIEMGE$460'(9%6LOVYUP08CI;E7L!4ZE"CYUK$Z:&5=4L=H5=PR".(7
MCB'HE1B$44<64$(! 8"JJ;[Z[ S3P10 !I RO/&EKD%1Q2!Z^(/L!\UVO*!\
M$Z2:)HCA-AJEM996]NZ\-P!&C04& 465) 8W)//#T4VW,-EOS_+/(%_$7/;-
M#R+W\[7B/IH#I3W'MJ5*V'JA%R9B9^>6"F#''4$UB6H  .*JYUZC<J@Z8))3
M+ %:R-XS_]V@X-\>WNAIKH"CFXKO6*/@9^?/A@D[ONE,<)"[SXZ>T@4 3G@-
M@ =DB#K64   (, 19$  (@HGD6H(PG(.V=U2:F:S__1IKG-NRQ;H;$(-+0"
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M,3VXM&5AU[" TA1DD>>8WSHD^0N.6;(B^+39..%@"A?8A1TM*<0$G)6+P.'
MH;58* N)=Y-)A:8/@3/!+]+F5=#N9!0,$F5W 2@]&.@"'.&@BA$K0L*A?!&V
MT%,0'7!1@;%AT5E;[.*T$/M8 !IS$7!!9BL*L+^&N09A=Z#%!_2 6XNAPVC4
MI9J"LEN.,-2E@^+-21H9U#4,=R^.CRB(.LYPQXM4\(((80-EMZ+,VSUM&-@<
M"RN&Q@Z?61$,+/A"*YV&@F(\F,94^Y>*RWCA#F-$2T0A_T #1%'D[EV#"H D
M"(7K(-B?E(,+AUSQ <,R%A<?UR6NBAL,NK#5LOS"Q]4EG)?/PF2-0),H > !
M7=E\.W6D(06$>$8SOK !2\0,IOD!+LJDQR#*<A+,8(#!%\@L S/G!<W0&S)F
MYSP1 0YE"">;].VN(;:A%)2@ ' 4=@)]KW'JF,)U,33A8()C-QCW:3W.B_2H
MIV8B9WHAB2-@56U]-LA-;D4LHC*@6>PX8X;U=)1(=>SB]H9<4. /#,[#.9Y6
M"7-T$799&;)H=MT0J*YQA]L&]U-&_:Y7S"!JN-0J2H#Q8V4_F#LL'&P7O?.$
M69=1M.,9:KC9T9\W\^"S^@:X3__&O4QU-#7@"]EL8((PRH,W/"<#=[A5;]1I
M @PHXA?'"<0Q#E#$K?$9&P?Y133./4R'O"%''@H!>%!RDZ-,'2S'T,BKYP Y
MMYRCT62 *!AN\WN!Q&7IV'G9D@J FO.<()5FEZZ-[JMK(&$H)B"$,2HKZF$O
MD^A+-TCBAE!TK+_+'+G@ @5,FP-/@(=W0^>ZR=L1'*)D(NA=#UDY<N&8:?G!
M[/N1.>ZNOG1^RU7I</=55JC1"6\"0 $&"$ <\DUUM"]]9$/9P;<!G[+O%1X!
M+CO'-:[0 CSJ)^^WV[O-^<FF-DX>90H*@ YT<7=VV+'SPFY\RSON(9B;_EW8
M^(34FRC_CG900QM3IU/521EZD'>;*$/XN^UM-;5;IN,,ZCU[2HF/\;B:-BG*
M3YG?.C$!.80"%'][ HFC3]+I1[S2#4@[]GU5BPL8=2B?,5_L,8Y#HOA;_<$U
MQ1<DD(-,]#\3G'"H^).^] NW6"$*(;@_L"&'3M %$OD\V2D_@/ND3ON$!+29
M<I"&=S ':7"&9X"9F &^XWC S(G <'L\ &B =K' E(FO?S&J-G 1H<NG[Z-!
MJ:)!4*B]21L]:?JW%;P]+E"$;. "7V.1&+P<?5(C]QN*'&2SQ F"Y//!<GD[
M ;2F2F.0(  WXQL*3HC"L[&&#N@#A,J0$?R:=E!" %BR7:L^_P90P2[\&FLX
M@GEAE9@3OC-*0J-B0@Q+.,CK03=$F22" )>!F6>0!B@4P3H<(RL<"BRT-?JS
MM"GTPW<Y%$\;"ABD0FM*!_=+PSG3,*+@PDCDM<A9D1:Y1&NZ0Z+(P\R:0,79
M1%#$/C($&RMD1#9SLZ&(,U<T'')(!5 8A1O<A3_#.T0<HTP,C%;LL$KS 4C$
M14GDM-*RQ/%#PL!(1:M*'$Y9QK-1!VPH!?_3A! @@<V QGP2H%G$,"U$PVNL
MGG+8 B@+1TPD"F,$K;Y#00)$QS)4 Q80PR,DJ22<1I+:0P#8@7ZLQW)9J0]T
MAE0  ?&3P9$2"G($K8E[Q(%LG+0)C/\I*\5\RD1XM*I.W$*)=)P3^35"R$=]
MW$>!M":40T')\\C[@T7#*;VWJD7%><F5E!UW&(<03)!82HR6I,D#J;0>4,:>
M9$9U>KXC0B)P62)[<B+NHH8G& H<* ::P")Q88=J\R(FPB1A%$H?V832XIJM
M/!OMX[X;##]DJ @%VB/7 K'!VH)!>@DK>!9RV(*ZN*W<VJU*6JN&X$FPK X#
M' J-Y,M[F84/,"VC@C]7JH)RDB5:BBWU"8F\,;>?PIMQ$J:-,J9#X*]W20>0
MXLS.],S/!,W0%,W1),W2%$UGN,'45,W59,W6=,W7A,W8E,U/T!0VH<? +)?\
MBP#^\S\ M(C_<5),@C@GPB(+LR (VG"$GG(:C**GQ,PW<?A,K<&$(:#.ZK3.
MZZS.J#K#[>3.[O3.[P3/\!3/\23/\C3/\T3/]%3/]32J'IA)W$P9<V! G<"&
MA2J) &2'='"LXAP=G%'.G^J%QC0K@_ /]C30 T70!%70!670!G70!]4>0X3/
M<L&&3O _3/@"/@@VBI I$1@!FQJLQB0+#>A/)4A.W0!0 1VFQ5,(B(#0%X71
M&)71%W4 [+31&\71'-71'>71'MW1'G#("<4:<K""%]Q021&$K-HJXH0CXZ0Q
M)9B$_P2JHMFH>T)#V?P^43#-+>72+O72+^7,]^2Y=!!3(0T9Z<F!_U*@@#WH
MA!H(AHRXA;\*K)L2T9L!EED@4<DDB,5:T1#EKH?02C/%$#(55+")(T? ABDP
MA'8H XM4+?UI+:1!)C\]B+!X%B=JM2\<! :#I-UJAYW)2^L(U$+-CC1225 8
M E+%&EOXHW8( YD8L=>3"/9*RO>ZF2,@IJ9\.DIB!_MZEGB##VIAT18=555%
M#C79@=(3!6LTUI"YABD@@6 XA04H @QH >.R"!-KB!3#R8<KUF;M#:% /G U
M'%D @F&P!J=#@$, QIY0!RY8-ZC82W*-"L"H0(Y227IUEZS AE1@AJ!$CGG5
M5Z;0$@=HPX- U8%=.H%5V)^ IB H4]1LV/]1H<@7-,I@G-CDD$Z S5A+J=BQ
MN<B.G8R. P6'<(9[%=E 41!M\H1=Z,-V3-G$.!>:DXB$C5E @1P1^+0 .(%"
MV(5WZ-;@N]G)X!"3F0A"'=I "8=4^ (1"(PW.#'82UK$N)%-X-C\-,FIQ9)L
M- 6G!;6+];QOU5J?4"/ M)%4'=LY<0=GZ(2\*DP%($683=MZ+=.%6-:Y11,G
M^[3X  1/>(9VQ5B\38ZK%=P?65D=V(1=F ;ID(Z;#-G"M8QP.%C(M9*TV5O3
M"H!0DUK*Y0V;Y5PK@9Q?&T4C#-S/O8R3-=U)8]C495V06]VI%86L;0C4;=TB
M>]V;+5C990C/K5W_\;K=E'W8NKT(R>W=,3$'QY7;XK7;32'<HU5>*/F?YQO)
ML'W>WP ,L\6)NZW>'Q%+.:#!4 @_6:7>[5V(F;W-C.!=\IV16B!,]SO,A51?
M@RA:W:6(=*#?^,V/=M!-WNR_3<!/^,7?JFU>BP@'X<5?#)'/!B2(H#6.WZ57
M#<M7I4C? ]8G!P;7_G   ]X)VJ7@&:E0_\N$##W2S27?S5JX#O85;.HTHM#<
M[+!@5<4AE(4*B47A&$%3-653-R43L9W;=(@\KYC@&L:00V6G0&!41P5@(5:*
M<(A@)8X05F6$=@BL6'U<)[;BO(768&B+:FV!9:CB*\X)[05C"3'78:B&_R8(
M@'4=X,MX8?(-XC$N$'7@5U+XQ1V&XY^PWSM^HS8&2VA88Z5 6CT>(S[NR8[3
M8*AX8T'N'D)>2?-5##%6Y BQ23O^W/F-9%N)7C>87A(N7 &>#":^Y.SH7K)4
M2)(47 B^C$0.Y=T83"5\7U.>6PP^Y*^@X55&CKOZ @K@W__[7U@>6Q/^8ULV
M$VU4X'KA87*-8=^ 9&%.#H,#"G40 V!P9@TZ9F.%*@=HXLE096:VC')P!N^C
MP3IV5U@('*J\*^5:&W;050" 2H*82KO+S*1%UEGNBT#F9M^@L+TMJ!;."%K8
M*2_0!2B0";U9-X(FTKC<@FNMRT?"24;V0W&5T/_#R.-[-@Y;J("]NE!/(%V<
M4(=X6@8Q,*.>RI??*;=AT%/*'.&$<.@NA(B238YMIFC$@&(&MHAR0X9H/I48
M*.B]*8O104[EC"?Q)=:QO5^^6.:8M@QSH())78I[@XQ=J!0R&(H!D(N>MM,H
MM:A?(BH<W9*B7N5@1FJHJ#,:P+-!E!F@P 8J\ $"\ -K<0&\J840F 1:(%$[
M/=%(T=."2(?6!(RP=@A0]NO+0+W R%RPU0EH%H8UX#%=RL^8P 4G]4\4U6J]
MK.9+ANG UHO0_;46F6:-0&Q64(%B4-$9NM,\_:5KB5J5KNQ(KF7,O@QQ &MQ
M(@,3*(8Q"&B94(,<>"[_N;;4;9#+NOA"1LJMK'3MXDZ.J<  !VH%\OF)) H7
M>#[G%ZHB=7;*^.!57V4]RL[8&XD0#C;NPVB'!6H@1SB#"(KMA$#LKECIR8N5
M;,Z.R_YNJ/BA(**"26@,%C!L%UYMCY1E"2'>^#Z,.%*E^@Z:4BY=<@7FPP'P
MPS EI9X$)]*Q)(9A )#A"#GJ!?<*;-(F$>BF;P)<_2;7:W;O @$%9L7PO4CK
MT@J @Z)D8YUG$@&Z$_<+=8@&4G IFN:-];8Y<3UOWOAO&2\7'0\YDI41^ 9R
MM#8%3 !AC?YBL"S8R1T1[S[RJ" '*GC!U&8\00W>*1?,"2 [7QS6+!?2<&#>
M_QII;2Y_BEKH@.,9P_UVPW08<0TQ<C37"7,(@_WAE1,';#J'BL%4@!\HPA[W
M"R%O74'G\X9@)\(&M8WFY.^^\$/_B5B8@#G8!0_TLR;WZSF'=(P "4?H;%\V
M[HG>=*8XA3[0!D-7#$+?MF9 VRBQYU'_B8\%-2Q_)C>WO626$DV'=8J0=7ZN
M=9H4<2MY]%W7"7&8#L8=!U3G"U6?LQ<G]I3Q:J&52!['$FB(\V<O,25PF0\'
M=5 D\C#1=6QGB*8;"@48!&/X=#%?QB<?DST7]YWPYB^HBM0K.TQ?P2U_=[ Q
MAU2@.P3P@TW^]67<V#,9]GR_B'2@!E,H/ 6H"B1N]/\NU##LK9)P-_A*57B"
MNKQ?Q(;-$^KD8/:Z<N0X>?6*OXA-TZ;5 Q,U,'!U9VD',%HY$762QXAK^(1W
M8+AVP :@[78+A(9/4/82H7B9)PAL" 40SE!:]WA;O^."%WJ&4.$WRURD#UBE
MO^.?)W8T18\]^((:X-7DQ6QW;WJ*(&(L@*1&36F6_^Z@EWE;R !&B!M87?F'
M+^XS#WN)>-9HW6)KQ=:=ASNPKWNPP84L$ :$::!#P''+^'AG$HH*%Q0I__O?
M&/I4V 6KUXO$[Z1O]Q2U?WPZ5#YV?Y4?WWR&&+Q,T(4PYWN;P_=7B?G03PA)
M)XHW /C3-SFML5I?T?QW)X?_*AB /@!?!&#J%L>ZB'<7IM]\!3&B=7@%"L"#
MP\]QJF>RD'<7RH?T^%H4ZG<*:(Y7>77^#K/D=P%]U@<>7*U^\6\*5PB< -@#
M%WFWS5CG=NY5Y1H +2+NI?NN34"9VQ?W'X(#9G"&7*B _0<(9\ZDK6-G\"#"
MA H7LIOEH9$77E#B>+O5H=&Z6B 6E:LB1QNY+2V2651T3N.=@@P10@.P\B7,
MF#)GTJQI\R;.G#ICIAL"H-G.H$*'$H7I[%/1I$J7,FWJ]"G4J%*;5CL"X"I6
MK&VX*67S ID880;5D6'1#6$U)8X,OIHQC-6+8^S(4I39<BK>O'KW*@RWPT$X
MOH('_Q,N;/@PXL2*^5[CTN,Q9,A_OBEM"Q:8P8YTSB&<)4,L.XN3U&PUZ%5N
MS+N+5[/F*VI(NM:R<SH#-?LV[MRZ=^\NAT; @4&[UEV3LD<+@ ,F/8-.ZX@T
M5W:MXA[$-.0Z=NQ!7/+N[OT[>)B@AH0O;_X\>O38H/18X,>=%!._V%EKLLC6
M9X/.H1N$BYI=;: (.*" FW"7'H()*CA5.,XL^""$$4J8E#IB +,&"L5(8<A8
M8=21BP;-J<4?._[9=>"$*:JXHD&QL?@BC#&B5TY8K*A0#!DIS04&'=DH(8E!
MS)G(#HDPJ28CDDGR)@HF2CKY))1\D65",6+H,I$WL]2 6?\M(4C2T4<AL4!2
M!R:AI)*1*$:Y)IMZC=<FG''*69,Y:1@ P !^:&.0+"  , (DG%'SQ%7R&>3*
M!%=]--.1<\(H3F".1I6..)):>JF<-&(V5:.82@B- TUZRE0ZD8YZ*JJI,JJF
MJNF) L F+K8JU)NSVGKKJ)WB^ETZF  @RJY!B8)4L,4:"Z6NQ^(63A .0*,L
MM-%**V>RTR[FC -!5&KM3+5Q^RVXX%4;+F&?P$IN3+6BNRZ[B8W;[E0]_00O
M0^$ 12^^^4KUKKY,^058OP$+/+!2_!(L5#,.P'8PDP<[_'":$"]E(+$'JRLQ
MQ@\;G+%,Z31[K\.E<CPRP1N3O-+_$#N8&O+*)[O<KLDO)Y2.K ]?+#/.X,:<
M\\@-\_RSM3L#/3311>?*JM$GVYLTT[8*W73 -T,]M:5/4XVOMU=K[:C5#S-;
M\=9ABSUAUP=CJRW.1XV]-K)(OVSN)CQ+S3;=+)8=L+P@XRQRW7V_>+>^_[8L
M,Z5^&ZXBX/@FO##0<Q_^>'J)PTMQT3Y#?CF"DJ_KL0-Z#UTSYJ&'ISFYX3B@
M<M(-BK[ZZ&X__"HFH _M..NURT8ZM^D8:%O3:MO^.VZX6XN) PX"?SSR!;M.
ML#.#&^U[\M$?)KST<-)>/?9149]]E*IS_SVGRX.OJNSCFU_4]N?+:+GZ[0N5
MOOLL7A\___T1"]RKYV$77C__-<&OJN#HYKW^$=!^^EI<.^HVOP(2\'^GHES?
MH,? ";)$?-_B7/XHJ$&_.?!2ID.=X;*V00IV4%*P*Q_;%CC"J54(-.%KE^X
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M8%"H YK56::)@0#\_TF@X,21K%_8=1X0*L84001 >0,;G,!\L,$&4((2<D<
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M1SN0B'_T)PX8@QK809_F:"E9_\/P<BXGEK [H+!B7.HAF(,1DW"V9@,73(*
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=Z['/7OOMN>_>^^_!#U_\\<DOW_SST4\?Q8   #L!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
