New Issue: Morgan Stanley sells $924,700 PLUS tied to Financial Select Sector fund

By Marisa Wong

Morgantown, W.Va., July 8 – Morgan Stanley priced $924,700 of 0% Performance Leveraged Upside Securities due Oct. 4, 2017 linked to the Financial Select Sector SPDR fund, according to a 424B2 with the Securities and Exchange Commission.

If the fund return is positive, the payout at maturity will be par of $10 plus triple the fund return, subject to a maximum return of 17%. Investors will be fully exposed to any fund decline.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Performance Leveraged Upside Securities
Underlying fund:	Financial Select Sector SPDR fund
Amount:	$924,700
Maturity:	Oct. 4, 2017
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If fund return is positive, par plus 300% of fund return, subject to 17% maximum return; full exposure to losses
Initial price:	$22.83
Pricing date:	June 30
Settlement date:	July 6
Agent:	Morgan Stanley & Co. LLC
Fees:	2.25%
Cusip:	61766A418

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