Market Vectors ETNs


	Product Facts


	Index Facts

1.888.MKT.VCTR

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Morgan Stanley, the issuer of the Market Vectors Currency ETNs, 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 Morgan Stanley has filed with the SEC for more complete information about the issuer and the offering of the Market Vectors Currency ETNs. You may get these documents for free by clicking here or EDGAR on the SEC Web site at www.sec.gov. Alternatively, you may request a free copy of the prospectus by calling Van Eck Securities Corporation at 1. 888.MKT.VCTR; you may also request a copy from Morgan Stanley or any other dealer participating in this offer.

S&P Chinese Renminbi Total Return Index (SPCBCNY)


	S&P Chinese Renminbi Total Return Index (SPCBCNY) seeks to track the performance of the Chinese renminbi versus the U.S. dollar. The Index represents an investment in rolling three-month non-deliverable currency forward contracts. Each contract is held until maturity, cash settled and then rolled over into a new contract.

	Index Details
	Index Details

As of 5/24/2013
INCEPTION DATE	3/12/2008
TICKER	SPCBCNY
REUTERS TICKER	.SPCBCNY
INITIAL LEVEL	114.33
CURRENT LEVEL	123.71
CURRENT INDICATIVE VALUE	42.10760
52-WEEK HIGH	123.71
52-WEEK LOW	118.94

	Performance History
	Performance History

More Info

Month-End

Quarter-End

As of April 30, 2013
	1 MO	YTD	1 YR	5 YR⁺
INDEX (SPCBCNY)	n.a.	1.26%	2.18%	8.76%
†Annualized

As of March 31, 2013
	1 MO	YTD	1 YR	5 YR⁺
INDEX (SPCBCNY)	n.a.	1.10%	2.18%	6.85%
†Annualized

The performance quoted represents historical performance and is not an indication that the index is more or less likely to increase or decrease in the future. Index performance does not reflect investor fees. For all periods prior to March 12, 2008 (the date S&P began publication of the Index), the closing value of the Index used in this table are hypothetical values retrospectively calculated by S&P using the same methodology as is currently employed for calculating the Index, based on historical data.

	Index Provider
	Index Provider

Standard & Poor's

¹The Investor Fee is equal to 0.55% times the principal amount of your ETNs, times the Index Factor, calculated on a daily basis in the following manner: The Investor Fee on the inception date will equal zero. On each subsequent calendar day until maturity or early redemption, the Investor Fee will increase by an amount equal to the 0.55% times the principal amount of your ETNs times the Index Factor on that day (or, if such day is not an index business day, the Index Factor on the immediately preceding an index businees day) divided by 365. The Index Factor on any given day will be equal to the closing value of the Index on that day divided by the initial index level. The initial index level is the value of the Index on the inception date.

“Standard & Poor’s^®,” “S&P^®” and "S&P Chinese Renminbi Total Return Index" are trademarks of The McGraw-Hill Companies, Inc. and have been licensed for use by Morgan Stanley. The CNY ETNs are not sponsored, endorsed, sold or promoted by The McGraw-Hill Companies, Inc., and The McGraw-Hill Companies, Inc. makes no representation regarding the advisability of investing in the CNY ETNs.