New Issue: Morgan Stanley sells $850,000 capped dual directional contingent buffered notes on Stoxx

By Wendy Van Sickle

Columbus, Ohio, Dec. 13 – Morgan Stanley Finance LLC priced $850,000 of 0% capped dual directional contingent buffered equity notes due Dec. 11, 2019 linked to the Euro Stoxx 50 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 the index return, capped at 24.9%.

If the index falls by up to 24.9%, the payout will be par plus the absolute value of the index return.

If the index falls by more than the 24.9% contingent buffer, investors will be fully exposed to any losses.

J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Capped dual directional contingent buffered equity notes
Underlying index:	Euro Stoxx 50
Amount:	$850,000
Maturity:	Dec. 11, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If the index return is positive, par plus the index return, capped at 24.9%; if the index falls by up to 24.9%, par plus the absolute value of the index return; if the index falls by more than the 24.9% contingent buffer, full exposure to any losses
Initial level:	3,591.45
Knock-out level:	2,697.179, 75.1% of initial level
Pricing date:	Dec. 8
Settlement date:	Dec. 11
Agent:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1.5%
Cusip:	61768CWA1

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