New Issue: Morgan Stanley prices $1.45 million autocallables linked to energy fund

By Angela McDaniels

Tacoma, Wash., Sept. 6 – Morgan Stanley priced $1.45 million of 0% autocallable securities with fixed percentage buffered downside due Sept. 6, 2018 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus a premium of 8% a year if the fund closes at or above its initial share price on Sept. 6, 2017 or March 6, 2018.

If the final share price is greater than or equal to the initial share price, the payout at maturity will be par plus 16%. Investors will receive par if the fund falls by 10% or less and will lose 1% for every 1% that the fund may decline beyond 10%.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Autocallable securities with fixed percentage buffered downside
Underlying ETF:	Energy Select Sector SPDR fund
Amount:	$1,449,000
Maturity:	Sept. 6, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If final share price is greater than or equal to initial share price, par plus 16%; par if fund falls by 10% or less; 1% loss for every 1% that fund may decline beyond 10%
Call:	At par plus 8% per year if fund closes at or above initial share price on Sept. 6, 2017 or March 6, 2018
Initial share price:	$68.54
Buffer price:	$61.686, 90% of initial share price
Pricing date:	Aug. 31
Settlement date:	Sept. 6
Underwriter:	Morgan Stanley & Co. LLC
Fees:	2.575%
Cusip:	61761J3L1

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