New Issue: Morgan Stanley sells $1.8 million of capped leveraged notes on S&P 500

By Devika Patel

Knoxville, Tenn., Jan. 23 – Morgan Stanley Finance LLC priced $1.8 million of 0% capped leveraged index-linked notes due Nov. 6, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If the index return is positive, the payout at maturity will be par plus triple the index gain, subject to a maximum payment of $1,252 per $1,000 of notes.

Investors will lose 1% for each 1% decline.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Issue:	Capped leveraged index-linked notes
Underlying index:	S&P 500
Amount:	$1,802,000
Maturity:	Nov. 6, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus triple index gain, capped at $1,252; 1% loss for each 1% decline
Initial level:	2,263.69
Pricing date:	Jan. 19
Settlement date:	Jan. 26
Agent:	Morgan Stanley & Co. LLC
Fees:	None
Cusip:	2,263.69

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