New Issue: Morgan Stanley prices $859,000 capped leveraged notes on basket

By Kiku Steinfeld

Chicago, Nov. 23 – Morgan Stanley Finance LLC priced $859,000 of 0% capped leveraged notes due March 6, 2024 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

The basket includes the Euro Stoxx 50 index with a 36% weight, the Tokyo Stock Price index with a 29% weight, the FTSE 100 index with a 16% weight, the Swiss Market index with an 11% weight and the S&P/ASX 200 index with an 8% weight.

The payout at maturity will be par plus 300% of any basket gain, capped at $1,457.80 per $1,000 principal amount.

Investors will lose 1% for every 1% that the basket declines with full exposure to losses.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Capped leveraged notes
Underlying basket:	Euro Stoxx 50 index (36% weight), Tokyo Stock Price index (29% weight), FTSE 100 index (16% weight), Swiss Market index (11% weight) and S&P/ASX 200 index (8% weight)
Amount:	$859,000
Maturity:	March 6, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 300% of any basket gain, capped at $1,457.80 per $1,000 principal amount; otherwise, 1% loss for each 1% decline with full exposure to losses
Initial levels:	3,926.12 for Stoxx, 1,933.74 for Tokyo, 7,476.72 for FTSE, 12,202.62 for Swiss and 7,341.102 for S&P/ASX
Pricing date:	March 22
Settlement date:	March 25
Agent:	Morgan Stanley & Co. LLC
Fees:	0%
Cusip:	61773QRF8

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