New Issue: Morgan Stanley sells $1.7 million capped leveraged buffered notes on basket

By Sarah Lizee

Olympia, Wash., July 12 – Morgan Stanley Finance LLC priced $1.7 million of 0% capped leveraged buffered notes due May 11, 2020 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 37% weight, the FTSE 100 index with a 23% weight, the Tokyo Stock Price index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.

The payout at maturity will be par plus 190% of any basket gain, capped at $1,570 per $1,000 principal amount.

Investors will receive par if the basket declines by 15% or less and will lose 1.1765% for every 1% that it declines beyond 15%.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Capped leveraged buffered notes
Underlying basket:	Euro Stoxx 50 (37% weight), FTSE 100 (23% weight), Tokyo Stock Price (23% weight), Swiss Market (9% weight) and S&P/ASX 200 (8% weight)
Amount:	$1,703,000
Maturity:	May 11, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 190% of any basket gain, capped at $1,570 per $1,000 principal amount; par if basket falls by up to 15%; 1.1765% loss for every 1% drop beyond 15%
Initial levels:	3,473.31 for Euro Stoxx, 7,692.04 for FTSE, 1,716.13 for Tokyo Stock Price, 8,768.91 for Swiss Market and 6,258.097 for S&P/ASX
Pricing date:	July 10
Settlement date:	July 17
Agent:	Morgan Stanley & Co. LLC
Fees:	None
Cusip:	61768C7C5

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