New Issue: Morgan Stanley sells $8.81 million capped gears linked to index basket

By Wendy Van Sickle

Columbus, Ohio, June 11 – Morgan Stanley Finance LLC priced $8.81 million of 0% capped gears due July 31, 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 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 a 7.5% weight and the Hang Seng index with a 5% weight.

The payout at maturity will be par of $10 plus 3 times any basket gain, capped at par plus 25.5%. Investors will be fully exposed to any losses.

Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as placement agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Capped gears
Underlying basket:	Euro Stoxx 50 index (40% weight), Nikkei 225 index (20% weight), FTSE 100 index (20% weight), S&P/ASX 200 index (7.5% weight), and Swiss Market index (7.5% weight) and Hang Seng index (5% weight)
Amount:	$8,805,820
Maturity:	July 31, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 3 times any basket gain, capped at par plus 25.5%; full exposure to any basket decline
Initial index levels:	3,297.81 for Euro Stoxx, 7,185.3 for FTSE, 21,003.37 for Nikkei, 6,440.026 for S&P/ASX, 9,541.97 for Swiss, 27,235.71 for Hang Seng
Pricing date:	May 29
Settlement date:	May 31
Agent:	Morgan Stanley & Co. LLC with UBS Financial Services Inc. as dealer
Fees:	2%
Cusip:	61768Y380

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