By Wendy Van Sickle
Columbus, Ohio, Feb. 18 – Morgan Stanley priced $13.85 million of 0% leveraged buffered notes due May 1, 2018 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 1.5 times the index return, subject to a maximum settlement amount of $1,477 per $1,000 principal amount of notes. If the index return is zero or negative but not below negative 15%, the payout will be par.
If the index return is below negative 15%, investors will lose 1.1765% for every 1% that the index declines beyond 15%.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Capped buffered enhanced participation notes
|
| Underlying index: | MSCI EAFE
|
| Amount: | $13,846,000
|
| Maturity: | May 1, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any gain in fund up to $1,234 maximum payout; par if fund falls by 15% or less; 1.1765% loss for every 1% that index declines beyond 15%
|
| Initial level: | 1,539.74
|
| Pricing date: | Feb. 16
|
| Settlement date: | Feb. 23
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | None
|
| Cusip: | 61761JX46
|
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