New Issue: Morgan Stanley sells $11.32 million capped gears on index basket

By Sarah Lizee

Olympia, Wash., Dec. 31 – Morgan Stanley Finance LLC priced $11.32 million of 0% capped gears due Feb. 28, 2020 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 20% weight, the Nikkei 225 index with a 20% weight, the Swiss Market index with a 7.5% weight, the S&P/ASX 200 index with an 7.5% weight and the Hang Seng index with a 5% weight.

The payout at maturity will be par of $10 plus triple any basket gain, up to a maximum return of 27.5%.

Investors will be exposed to any losses.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC and UBS Financial Services Inc. are the agents.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Capped gears
Underlying indexes:	Euro Stoxx 50 (40% weight), FTSE 100 (20% weight), Nikkei 225 (20% weight), Swiss Market (7.5% weight) and S&P/ASX 200 (7.5% weight) and Hang Seng (5% weight)
Amount:	$11,324,090
Maturity:	Feb. 28, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus triple any basket gain, capped at par plus 27.5%; 1% loss per 1% decline
Initial levels:	2,937.36 for Stoxx, 6,584.68 for FTSE, 20,077.62 for Nikkei, 8,195.64 for Swiss Market, 5,597.238 for S&P/ASX and 25,478.88 for Hang Seng
Pricing date:	Dec. 27
Settlement date:	Dec. 31
Underwriters:	Morgan Stanley & Co. LLC and UBS Financial Services Inc.
Fees:	2%
Cusip:	61768W228

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