If you deposit $500,000 or more in your new E*TRADE account, then you will receive two cash credits that will total $1,000 within seven business days. Then if you deposit an additional $300,000 into your new E*TRADE account, then you will receive an additional cash credit of $400 at the end of the 60-day window for a total reward of $1,000. For example, if you deposit $250,000 into your new E*TRADE account, then you will receive a cash credit of $600 within seven business days. If you have deposited at least $200,000 in the new E*TRADE account and you make subsequent deposits in that new E*TRADE account to reach a higher tier, then you will receive a second cash credit following the close of the 60-day window. However, if you deposit $200,000 or more in the new E*TRADE account, then you will receive your cash credit within seven business days, followed by any additional reward owed based on your fulfillment tier at the expiration of the 60-day period. If you are an existing customer or plan to open more than one E*TRADE account, then please refer to the “Existing Customers or New Customers Opening More than One Account” terms below. This offer applies to customers who (i) are opening one new E*TRADE from Morgan Stanley self-directed brokerage (non-retirement) account (“E*TRADE account”) (ii) do not have an existing E*TRADE account and (iii) do not open any other new E*TRADE accounts for 60 days after enrollment in this offer. Offer valid for E*TRADE customers with an eligible brokerage (non-retirement) account and funded within 60 days of account opening with $1,000 or more. For more information about pricing, visit /pricing.

Additional regulatory and exchange fees may apply. All fees and expenses as described in a fund's prospectus still apply.

Stock plan account transactions are subject to a separate commission schedule. Service charges apply for trades placed through a broker ($25). The retail online $0 commission does not apply to Over-the-Counter (OTC) securities transactions, foreign stock transactions, large block transactions requiring special handling, futures, or fixed income investments. The standard options contract fee is $0.65 per contract (or $0.50 per contract for customers who execute at least 30 stock, ETF, and options trades per quarter). Exclusions may apply and E*TRADE from Morgan Stanley reserves the right to charge variable commission rates. E*TRADE from Morgan Stanley charges $0 commission for online US-listed stock, ETF, mutual fund, and options trades.

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