The table below sets forth the anticipated Distribution Dates for the Corporate Bond

TRACERS Units and the anticipated distribution per Corporate Bond TRACERS Unit on each
Distribution Date. The schedule of payments will be amended upon the early redemption,
repayment or Mandatory Liquidation of any Underlying Security. A revised schedule of
payments will be filed with the SEC by the Trustee on Form 8-K and will be available from your
Morgan Stanley financial advisor upon request and the Trustee will provide notice of the change
to holders of the Corporate Bond TRACERS.

As of May 25, 2012, the Unit Principal Balance of a Corporate Bond TRACERS Unit is

$840, the Moody's rating for the Corporate Bond TRACERS Units is Baa1 and the S&P rating
for the Corporate Bond TRACERS Units is BBB-. There will not be any scheduled payment of
principal until the Distribution Date following July 1, 2012, the earliest date upon which any of
the Underlying Securities mature.

The amounts set forth under Scheduled Trust Payments of Interest below reflect the

deduction for expenses of an amount equal to 0.063% of the Unit Principal Balance from each
scheduled monthly payment from the Payment Counterparty to the Trust as described under
"Description of Corporate Bond TRACERS Units -- Expenses" in the prospectus supplement.