ContractAgreement • August 10th, 2020 • EnglandSubscription Agreement Morgan Stanley Finance LLC as Issuer Yuanta Securities Co., Ltd. as Lead Manager MasterLink Securities Corporation as Manager Morgan Stanley Finance LLC 34Y USD 100,000,000 Callable Zero Coupon Notes due 21 August 2054 issued under the Regulation S Program for the Issuance of Notes, Series A and B, Warrants and Certificates 7 August 2020