Bond Morgan Stanley Nederland 0% ( GB00BFCNH116 ) in GBP

Issuer Morgan Stanley Nederland
Market price 100 %  ▼ 
Country  Netherlands
ISIN code  GB00BFCNH116 ( in GBP )
Interest rate 0%
Maturity 21/06/2027 - Bond has expired



Prospectus brochure of the bond Morgan Stanley B.V GB00BFCNH116 in GBP 0%, expired


Minimal amount 1 000 GBP
Total amount 6 670 670 GBP
Detailed description Morgan Stanley B.V. is a Dutch subsidiary of Morgan Stanley, a global financial services firm, providing a range of investment banking, securities, and wealth management services within the European market.

The Bond issued by Morgan Stanley Nederland ( Netherlands ) , in GBP, with the ISIN code GB00BFCNH116, pays a coupon of 0% per year.
The coupons are paid 1 time per year and the Bond maturity is 21/06/2027








BASE PROSPECTUS FOR NOTES DATED 9 OCTOBER 2018

as issuer and guarantor
(incorporated under the laws of the State of Delaware in the United States of America)

MORGAN STANLEY & CO. INTERNATIONAL PLC
as issuer
(incorporated with limited liability in England and Wales)
MORGAN STANLEY B.V.
as issuer
(incorporated with limited liability in The Netherlands)
MORGAN STANLEY FINANCE LLC
as issuer
(formed under the laws of the State of Delaware in the United States of America)
REGULATION S PROGRAM FOR THE ISSUANCE OF NOTES, SERIES A AND SERIES B,
WARRANTS AND CERTIFICATES
This Base Prospectus
This document is a base prospectus ("Base Prospectus") prepared for purposes of Article 5.4 of
Directive 2003/71/EC, as amended (the "Prospectus Directive") for the purpose of the offering of
Notes (as described below) from time to time. It should be read together with (i) any supplements to it
from time to time (available on the website of the Luxembourg Stock Exchange (www.bourse.lu)), (ii)
the information incorporated by reference into it (see "Incorporation by Reference" below) and (iii) in
relation to a Tranche of Notes, the Final Terms (described below) relating to that Tranche of Notes.
This Base Prospectus shall supersede and replace entirely the Base Prospectus dated 10 October 2017.
The Program
Morgan Stanley ("Morgan Stanley"), Morgan Stanley & Co. International plc ("MSI plc"), Morgan
Stanley B.V. ("MSBV") and Morgan Stanley Finance LLC ("MSFL") established the Regulation S
Program for the Issuance of Notes, Series A and B, Warrants and Certificates (the "Program"). Under
the Program, Morgan Stanley, MSI plc, MSBV and MSFL may offer from time to time Series A Notes
and Series B Notes (together, the "Notes issued under the Program"), Warrants (the "Warrants")
and Certificates (the "Certificates", and together with the Notes issued under the Program and the
Warrants, the "Program Securities"). Only certain of the Notes issued under the Program are
described in this Base Prospectus, being those (i) issued pursuant to the Issue and Paying Agency
Agreement (as defined under "General Description of the Notes" below), (ii) issued in dematerialised
and uncertificated book-entry form with a Nordic central securities depositary (as described under
"General Description of the Notes" below) pursuant to the SEB Issuing and Paying Agent Agreement
(as defined under "General Description of the Notes" below) or (iii) issued pursuant to the Euroclear
Agreement (as defined under "General Description of the Notes" below) (hereafter referred to
collectively as the "Notes"). For the avoidance of doubt, this Base Prospectus does not relate to or
describe any Program Securities other than the Notes.
The Notes
Under this Base Prospectus, securities in the form of Notes may be offered.
Any amounts of principal and/or interest payable under the Notes may be calculated by reference to an
index. Relevant disclosure on the index and the administrator is set out in the applicable Final Terms.

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Conditions of the Notes
The terms and conditions applicable to a Tranche of Notes (the "Conditions") are the General Terms
and Conditions (set out in the section entitled "Part 1: General Terms and Conditions" below) and the
applicable provisions of the Additional Terms and Conditions (set out in the section entitled "Part 2:
Additional Terms and Conditions" below) as completed by the applicable Final Terms (described
below). Alternatively, a Tranche of Notes may be issued on the terms set forth in a separate prospectus
specific to such Tranche (a "Drawdown Prospectus").
Final Terms and Drawdown Prospectuses
A "final terms" document (the "Final Terms") or a Drawdown Prospectus will be prepared in respect
of each Tranche of Notes. The Final Terms will complete the General Terms and Conditions and
specify the Additional Terms and Conditions, if any, applicable in relation to such Notes. The
Drawdown Prospectus will amend and/or replace the Conditions in relation to the relevant Series in the
manner as set forth in the Drawdown Prospectus and will also set out or incorporate by reference the
necessary information relating to the Issuer and if applicable, the Guarantor. The Final Terms and the
Drawdown Prospectus therefore contain vital information in regard to the Notes. The Final Terms and
the Drawdown Prospectus will be available on the website of the Luxembourg Stock Exchange
(www.bourse.lu).
The Issuers
The issuers (each an "Issuer") of Notes under this Base Prospectus from time to time may be any of
Morgan Stanley, MSI plc, MSBV and MSFL. Information on each Issuer is included in this Base
Prospectus, including information incorporated by reference.
The Guarantor of MSBV Notes and MSFL Notes
Unless otherwise stated in the applicable Final Terms, the payment of all amounts due in respect of
Notes issued by MSBV ("MSBV Notes") are unconditionally and irrevocably guaranteed by Morgan
Stanley (the "Guarantor"). The payment of all amounts due in respect of Notes issued by MSFL
("MSFL Notes") are unconditionally and irrevocably guaranteed by the Guarantor. However, the
payment of amounts due in respect of Notes issued by MSI plc are not guaranteed by Morgan Stanley.
In any event, all payments under the Notes are subject to the credit risk of the Issuer and (if applicable)
the Guarantor. Information on the Guarantor is included in this Base Prospectus, including information
incorporated by reference.
Status of the Notes
The Notes are unsecured and unsubordinated general obligations of the Issuer and not of any affiliate of
the Issuer. The Notes are not deposits or savings accounts and are not insured by the United States of
America ("U.S.") Federal Deposit Insurance Corporation, the UK Financial Services Compensation
Scheme or any other governmental agency or instrumentality or deposit protection scheme anywhere,
nor are they obligations of, or guaranteed by, a bank.
Relevant Underlyings
The return on the Notes may depend on the performance of one or more of any of the following types
of underlying reference assets (referred to as the "Relevant Underlyings" in the terms and conditions):
interest rates, swap rates, shares, equity indices, exchange traded funds, commodities or commodity
indices, inflation indices, other indices, currencies, funds and one or more preference shares issued by
an entity which is not Morgan Stanley, MSI plc, MSBV or MSFL or any legal entity belonging to the
same group as Morgan Stanley, MSI plc, MSBV or MSFL. The Relevant Underlying(s) (if any) in
relation to any Notes will be set out in the Final Terms or Drawdown Prospectus applicable to such
Notes.
Noteholders will have no beneficial interest in any Relevant Underlyings.
Benchmarks Regulation: Article 29(2) statement on benchmarks
Amounts payable under the Notes may be calculated by reference to one or more specific indices or
price sources or a combination of indices or price sources. Any such index or price source may
constitute a benchmark for the purposes of Regulation (EU) 2016/1011 of the European Parliament and
of the Council on indices used as benchmarks in financial instruments and financial contracts or to
measure the performance of investment funds (the "Benchmarks Regulation"). In cases where

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amounts payable under the Notes are calculated by reference to one or more indices or price sources,
the relevant Final Terms will specify:
·
the name of each index or price source so referenced;
·
the legal name of the administrator of each such index or price source; and
·
whether or not the legal name of the administrator of each such index or price source
appears on the register of administrators and benchmarks established and maintained
by the European Securities and Markets Authority ("ESMA") pursuant to Article 36
of the Benchmarks Regulation at the date of the relevant Final Terms.
Not every index or price source will fall within the scope of the Benchmarks Regulation. Where an
index or price source falls within the scope of the Benchmarks Regulation, the transitional provisions in
Article 51 or the provision of Article 2 of the Benchmarks Regulation may apply, such that the
administrator of such index or price source is not at the date of the relevant Final Terms required to
obtain authorisation/registration (or, if located outside the European Union, recognition, endorsement
or equivalence).
The registration status of any administrator under the Benchmarks Regulation is a matter of public
record and, save where required by applicable law, the relevant Issuer does not intend to update the
relevant Final Terms to reflect any change in the registration status of the administrator.
Risk Factors
Notes offered from time to time under this Base Prospectus may not provide for scheduled
repayment in full at maturity of the amount paid for them, and you could therefore lose some
and up to all of your investment, depending on the performance of the Relevant Underlying(s).
Also, in any event, payments under the Notes are subject to the credit risk of the Issuer (and, if
applicable, the Guarantor). Investing in the Notes involves risks. Before purchasing the Notes, you
should carefully consider, in particular, "Risk Factors relating to the Notes" below.

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IMPORTANT NOTICES
Risk Warning

The Notes may not be a suitable investment for all investors
An investment in the Notes entails certain risks, which vary depending on the specification and type or
structure of the Notes.
Each potential investor should determine whether an investment in the Notes is appropriate in such
potential investor's particular circumstances. An investment in the Notes requires a thorough
understanding of the nature of the relevant transaction. Potential investors should be experienced with
respect to an investment in the Notes and be aware of the related risks.
An investment in the Notes is only suitable for potential investors who:
·
have the requisite knowledge and experience in financial and business matters to
evaluate the merits and risks of an investment in the Notes and the information
contained in, or incorporated by reference into, this document;
·
have access to, and knowledge of, appropriate analytical tools to evaluate such merits
and risks in the context of the potential investor's particular financial situation and to
evaluate the impact the Notes will have on their overall investment portfolio;
·
understand thoroughly the terms of the Notes and are familiar with the behaviour of
the Relevant Underlying (as defined below) and financial markets;
·
are capable of bearing the economic risk of an investment in the Notes until the
maturity date of the Notes;
·
recognise that it may not be possible to dispose of the Notes for a substantial period
of time, if at all before the maturity date; and
·
are familiar with the behaviour of the Relevant Underlying and relevant financial
markets and be able to evaluate (either alone or with the help of a financial and legal
adviser) possible scenarios for economic, interest rate and other factors that may
affect the potential investor's investment and its ability to bear the applicable risks.
The Notes are complex financial instruments. Sophisticated institutional investors generally do not
purchase complex financial instruments as stand-alone investments. They purchase complex financial
instruments as a way to reduce risk or enhance yield with an understood, measured, appropriate
addition of risk to their overall portfolios. A potential investor should not invest in any Notes unless
such potential investor has the expertise (either alone or with a financial and legal adviser) to evaluate
how the Notes will perform under changing conditions, the resulting effects on the value of the Notes
and the impact this investment will have on the potential investor's overall investment portfolio. Each
Issuer, The Guarantor and MSI plc as Distribution Agent, disclaims any responsibility to advise
prospective investors of any matters arising under the law of the country in which they reside that may
affect the purchase of, or holding of, or the receipt of payments or deliveries on, the Notes.
Investing in the Notes involves risks. See the section entitled "Risk Factors Relating to the Notes"
below.
Important US securities and tax law considerations
THE NOTES, ANY INTEREST THEREIN AND ANY GUARANTEE IN RESPECT
THEREOF, AND THE SECURITIES TO BE DELIVERED ON EXERCISE OR
REDEMPTION OF THE NOTES (IF ANY), HAVE NOT BEEN AND WILL NOT BE
REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED
(THE "SECURITIES ACT"), OR THE SECURITIES LAWS OF ANY STATE OR OTHER
JURISDICTION OF THE UNITED STATES, ARE SUBJECT TO U.S. TAX LAW
REQUIREMENTS AND MAY NOT BE OFFERED, SOLD, PLEDGED, ASSIGNED,
DELIVERED OR OTHERWISE TRANSFERRED, EXERCISED OR REDEEMED AT ANY
TIME, DIRECTLY OR INDIRECTLY, WITHIN THE UNITED STATES (WHICH TERM
INCLUDES THE TERRITORIES, THE POSSESSIONS AND ALL OTHER AREAS SUBJECT

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TO THE JURISDICTION OF THE UNITED STATES) OR TO, OR FOR THE ACCOUNT OR
BENEFIT OF, U.S. PERSONS (AS DEFINED IN REGULATION S UNDER THE SECURITIES
ACT). SEE "SUBSCRIPTION AND SALE" AND "NO OWNERSHIP BY U.S. PERSONS".
For payments in respect of a Note issued by Morgan Stanley or MSFL, in order to avoid U.S.
withholding taxes, the beneficial owner of the Note that is not a United States person (or a
financial institution holding the Note on behalf of the beneficial owner that is not a United States
person) is required under current law to comply with certain tax identification and certification
requirements, generally by furnishing the appropriate U.S. Internal Revenue Service Form W-
8BEN or W-8BEN-E on which the beneficial owner certifies under penalty of perjury that it is
not a United States person. Certain tax identification and certification requirements apply as
well to holders of Notes of all Issuers with respect to "FATCA" as more fully described under
"United States Federal Taxation".
Each investor must comply with all applicable laws and regulations in each country or
jurisdiction in or from which the investor purchases, offers, sells or delivers the Notes or has in
the investor's possession or distributes this Base Prospectus or any accompanying Final Terms,
or any Drawdown Prospectus.
No deposits and no deposit protection insurance
THE NOTES ARE NOT DEPOSITS OR SAVINGS ACCOUNTS AND ARE NOT INSURED
BY THE U.S. FEDERAL DEPOSIT INSURANCE CORPORATION, THE UK FINANCIAL
SERVICES COMPENSATION SCHEME, OR ANY OTHER GOVERNMENTAL AGENCY
OR INSTRUMENTALITY OR DEPOSIT PROTECTION SCHEME ANYWHERE, NOR ARE
THEY OBLIGATIONS OF, OR GUARANTEED BY, A BANK.
MIFID II product governance/target market
The Final Terms in respect of any Notes may include a legend entitled "MiFID II Product
Governance" which will outline the target market assessment in respect of the Notes and which
channels for distribution of the Notes are appropriate. Any person subsequently offering, selling or
recommending the Notes (a "distributor") should take into consideration the target market assessment;
however, a distributor subject to MiFID II is responsible for undertaking its own target market
assessment in respect of the Notes (by either adopting or refining the target market assessment) and
determining appropriate distribution channels.
A determination will be made in relation to each issue about whether, for the purpose of the MiFID
Product Governance rules under EU Delegated Directive 2017/593 (the "MiFID Product Governance
Rules"), any dealer subscribing for any Notes is a manufacturer in respect of such Notes, but otherwise
neither dealer(s) nor any of its respective affiliates will be a manufacturer for the purpose of the MIFID
Product Governance Rules.
Important ­ EEA Retail Investors
PRIIPs/IMPORTANT ­ EEA RETAIL INVESTORS ­ If the Final Terms in respect of any Notes
includes a legend entitled "Prohibition of Sales to EEA Retail Investors", the Notes are not intended to
be offered, sold or otherwise made available to and should not be offered, sold or otherwise made
available to any retail investor in the EEA. For these purposes, a retail investor means a person who is
one (or more) of:
(A) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU, as amended
("MiFID II");
(B) a customer within the meaning of Directive 2002/92/EC, as amended (the "Insurance Mediation
Directive"), where that customer would not qualify as a professional client as defined in point (10) of
Article 4(1) of MiFID II; or
(C) not a qualified investor as defined in the Prospectus Directive.

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Consequently, if the Final Terms in respect of any Notes includes a legend entitled "Prohibition of
Sales to EEA Retail Investors", no key information document required by Regulation (EU) No
1286/2014, as amended (the "PRIIPs Regulation") for offering or selling the Notes or otherwise
making them available to retail investors in the EEA has been or will be prepared and therefore
offering or selling the Notes or otherwise making them available to any retail investor in the EEA may
be unlawful under the PRIIPs Regulation.
No or limited secondary market
Potential investors should be willing to hold the Notes until maturity. The nature and extent of
any secondary market in the Notes cannot be predicted and there may be little or no secondary
market in the Notes. If Morgan Stanley & Co. International plc or other affiliate of the Issuer
does make a market for the Notes, it may cease to do so at any time.
Currency definitions
All references in this Base Prospectus to "Sterling" and "£" are to the lawful currency of the
United Kingdom, all references to "U.S. Dollars", "U.S.$ " and "$" are to the lawful currency of
the United States of America, all references to "Japanese Yen" and "¥" are to the lawful
currency of Japan, all references to "Australian Dollars" and "AUD" are to the lawful currency
of the Commonwealth of Australia, all references to "New Zealand Dollars" and "NZD" are to
the lawful currency of New Zealand, all references to "Renminbi" or "CNY" are to the lawful
currency of the People's Republic of China (which, for the purpose of this Base Prospectus, shall
exclude the Hong Kong Special Administrative Region of the People's Republic of China, the
Macau Special Administrative Region of the People's Republic of China and Taiwan) and all
references to "euro", "" and "EUR" are to the lawful single currency of the member states of
the European Union who have adopted and continue to retain a common single currency through
monetary union in accordance with European Union treaty law (as amended from time to time).
Language
The language of this Base Prospectus is English. Certain legislative references and technical
terms have been cited in their original language in order that the correct technical meaning may
be ascribed to them under applicable law.
US Securities disclosures
IN MAKING AN INVESTMENT DECISION, INVESTORS MUST RELY ON THEIR OWN
EXAMINATION OF THE RELEVANT ISSUER AND, WHERE APPLICABLE, THE
GUARANTOR AND THE TERMS OF THE OFFERING, INCLUDING THE MERITS AND
RISKS INVOLVED. THE SECURITIES HAVE NOT BEEN RECOMMENDED BY ANY
UNITED STATES FEDERAL OR STATE SECURITIES COMMISSION OR REGULATORY
AUTHORITY. FURTHERMORE, THE FOREGOING AUTHORITIES HAVE NOT
CONFIRMED THE ACCURACY OR DETERMINED THE ADEQUACY OF THIS
DOCUMENT. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENCE
IN THE UNITED STATES.
Stabilisation legend
IN CONNECTION WITH THE ISSUE OF ANY TRANCHE OF NOTES UNDER THE
PROGRAM, ANY DISTRIBUTION AGENT OR ANY OTHER AGENT SPECIFIED FOR
THAT PURPOSE IN THE APPLICABLE FINAL TERMS AS THE STABILISING MANAGER
(OR ANY PERSON ACTING FOR THE STABILISING MANAGER) MAY OVER-ALLOT OR
EFFECT TRANSACTIONS WITH A VIEW TO SUPPORTING THE MARKET PRICE OF
ANY OF THE NOTES AT A LEVEL HIGHER THAN THAT WHICH MIGHT OTHERWISE
PREVAIL FOR A LIMITED PERIOD. HOWEVER, STABILISATION MAY NOT
NECESSARILY OCCUR. ANY STABILISING ACTION MAY BEGIN ON OR AFTER THE
DATE ON WHICH ADEQUATE PUBLIC DISCLOSURE OF THE TERMS OF THE OFFER
OF THE RELEVANT TRANCHE OF NOTES IS MADE AND, IF COMMENCED, MAY
CEASE AT ANY TIME, BUT MUST BE BROUGHT TO AN END NO LATER THAN THE
EARLIER OF 30 DAYS AFTER THE ISSUE DATE OF THE RELEVANT TRANCHE OF
NOTES AND 60 DAYS AFTER THE DATE OF THE ALLOTMENT OF THE RELEVANT
TRANCHE OF NOTES. ANY STABILISING ACTION OR OVER-ALLOTMENT MUST BE
CONDUCTED BY THE STABILISING MANAGER (OR ANY PERSON ACTING FOR THE

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STABILISING MANAGER) IN ACCORDANCE WITH ALL APPLICABLE LAWS AND
RULES.
Defined Terms
See the "Index of Defined Terms" at the end of this document for a list of defined terms and where they
are defined in this Base Prospectus.

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TABLE OF CONTENTS


Page
SUMMARY ............................................................................................................................................. 1
Provides a summary of the key information contained within this Base Prospectus. It is relevant to all
Notes.
RISK FACTORS RELATING TO THE NOTES .................................................................................. 73
Sets out the principal risks inherent in investing in Notes.
GENERAL DESCRIPTION OF THE NOTES .................................................................................... 113
Provides an overview of certain important information in relation to the Notes. It is relevant to all
Notes.
CONSENT TO THE USE OF THE BASE PROSPECTUS ................................................................ 122
Sets out the consents by the Issuers and the Guarantor to the use of the Base Prospectus.
WHERE THE INVESTOR CAN FIND MORE INFORMATION ABOUT MORGAN STANLEY . 124
Provides information on where the investor can find more information about Morgan Stanley.
INCORPORATION BY REFERENCE ............................................................................................... 125
Incorporates financial and other information for each Issuer. It is relevant to all Notes.
TERMS AND CONDITIONS OF THE NOTES ................................................................................. 135
Comprises (i) Part 1: General Terms and Conditions and (ii) Part 2: Additional Terms and Conditions.
PART 1: GENERAL TERMS AND CONDITIONS .......................................................................... 135
Sets out the terms and conditions that apply to all Notes.
PART 2 - ADDITIONAL TERMS AND CONDITIONS .................................................................... 261
Sets out additional terms and conditions that are applicable to Notes for which the relevant Final
Terms specifies that they are applicable.
PRO FORMA FINAL TERMS FOR NOTES OTHER THAN LINKED NOTES .............................. 364
Provides a template for the Final Terms to be used for each issuance of Notes other than Autocallable
Notes, Reverse Convertible Notes, Certain Linked Notes and Preference Share-Linked Notes. It is
relevant to all Notes other than Autocallable Notes, Reverse Convertible Notes, Certain Linked Notes
and Preference Share-Linked Notes.
PRO FORMA FINAL TERMS FOR AUTOCALLABLE NOTES ..................................................... 413
Provides a template for the Final Terms to be used for each issuance of Autocallable Notes. It is
relevant to all Autocallable Notes.
PRO FORMA FINAL TERMS FOR REVERSE CONVERTIBLE NOTES ...................................... 532
Provides a template for the Final Terms to be used for each issuance of Reverse Convertible Notes. It

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is relevant to all Reverse Convertible Notes.
PRO FORMA FINAL TERMS FOR CERTAIN LINKED NOTES .................................................... 642
Provides a template for the Final Terms to be used for each issuance of Certain Linked Notes. It is
relevant to all Certain Linked Notes.
PRO FORMA FINAL TERMS FOR PREFERENCE SHARE-LINKED NOTES .............................. 815
Provides a template for the Final Terms to be used for each issuance of Preference Share-Linked
Notes. It is relevant to all Preference Share-Linked Notes.
FINAL TERMS AND DRAWDOWN PROSPECTUSES................................................................... 836
Describes the "final terms" document or "drawdown prospectus" document which will be prepared in
respect of each Tranche of Notes. It is relevant to all Notes.
FORMS OF NOTES............................................................................................................................. 837
Describes the different forms of Notes. It is relevant to all Notes.
SUMMARY OF PROVISIONS RELATING TO THE NOTES WHILE IN GLOBAL FORM ......... 839
Describes the Notes when represented in global form. It is relevant to all Notes in global form.
DESCRIPTION OF SIENNA FINANCE UK LIMITED AND THE SIENNA FINANCE UK
LIMITED PREFERENCE SHARES ................................................................................................... 842
Describes Sienna Finance UK Limited. It is relevant to all Preference-Share Linked Notes.
BENEFIT PLAN INVESTORS ........................................................................................................... 843
Describes restrictions of the acquisition of the Notes by benefit plan investors. It is relevant to all
Notes.
TAXATION ......................................................................................................................................... 844
Provides an overview of certain taxation considerations relating to the Notes. It is relevant to all
Notes.
SUBSCRIPTION AND SALE ............................................................................................................. 892
Provides a summary of certain restrictions regarding the offer and sale of the Notes. It is relevant to all
Notes.
NO OWNERSHIP BY U.S. PERSONS ............................................................................................... 900
Describes restrictions to ownership of the Notes by U.S. Persons.
FORM OF GUARANTEE ................................................................................................................... 901
Sets out the form of guarantee given by Morgan Stanley in respect of Notes issued by Morgan Stanley
B.V. and Notes issued by Morgan Stanley Finance LLC. It is only relevant to Notes issued by Morgan
Stanley B.V. which are guaranteed. It is relevant to all Notes issued by Morgan Stanley Finance LLC.
IMPORTANT LEGAL INFORMATION ............................................................................................ 903
Provides certain additional information on the Notes, the Base Prospectus and the Issuers. It is
relevant to all Notes.

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GENERAL INFORMATION............................................................................................................... 910
Provides certain additional information on the Notes, the Base Prospectus and the Issuers. It is
relevant to all Notes.
INDEX OF DEFINED TERMS ........................................................................................................... 914
An index of all defined terms used in this Base Prospectus.

x