New Issue: Morgan Stanley prices $1.45 million leveraged buffered notes tied to index basket

By Susanna Moon

Chicago, Jan. 11 – Morgan Stanley Finance LLC priced $1.45 million of 0% leveraged buffered notes due Jan. 20, 2021 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 36% weight, the FTSE 100 index with a 20% weight, the Topix index with a 27% 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 193% of any basket gain.

Investors will receive par if the basket falls by up to 10% and will lose 1.1111% for each 1% drop beyond 10%.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Leveraged buffered notes
Underlying basket:	Euro Stoxx 50 index (36% weight), FTSE 100 index (20% weight), Topix index (27% weight), Swiss Market index (9% weight) and S&P/ASX 200 index (8% weight)
Amount:	$1.45 million
Maturity:	Jan. 20, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.93 times any basket gain; par if basket declines by up to 10%; 1.1111% loss per 1% decline beyond 10%
Initial levels:	3,041.85 for Stoxx, 6,837.42 for FTSE, 1,471.16 for Topix, 8,608.56 for Swiss Market and 5,619.355 for S&P/ASX
Barrier levels:	90% of initial level
Pricing date:	Jan. 4
Settlement date:	Jan. 11
Agent:	Morgan Stanley & Co. LLC
Fees:	2%
Cusip:	61768DVB8

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