Issuer: MORGAN STANLEY

Date:  [•] August 2012

Re:      Publication of Final Terms 

The following final terms are available for viewing:

Issue of AUD 650,000,000 7.375% Fixed Rate Notes due 2018

under the Program for the Issuance of Notes, Series A and B, Warrants and Certificates

Please click on the link below to see the full document:

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Please note that the information contained in the Final Terms may be addressed to and/or targeted at persons who are residents of particular countries (specified in the Final Terms) only and is not intended for use and should not be relied upon by any person outside these countries and/or to whom any offer contained in the Final Terms is not addressed. Prior to relying on the information contained in the Final Terms, you must ascertain from the Final Terms whether or not you are one of the intended addressees of the information contained therein.

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