New Issue: Morgan Stanley prices $11.18 million 5.15% buffered notes on Russell, iShares MSCI EAFE

By Susanna Moon

Chicago, March 8 – Morgan Stanley priced $11.18 million of 5.15% fixed-income buffered securities due March 9, 2017 linked to the worse performing of the Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par unless either component finishes below the 75% buffer level, in which case investors will lose 1.25% for each 1% decline beyond 25%, with a minimum payout of 6.25% of par.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Fixed-income buffered securities
Underlyings:	Russell 2000 index, iShares MSCI EAFE ETF
Amount:	$11,175,000
Maturity:	March 9, 2017
Coupon:	5.15%, payable monthly
Price:	Par
Payout at maturity:	Par unless either component finishes below the 75% buffer level, in which case 1.25% loss per 1% decline beyond 25%, floor of 6.25% of par
Initial levels:	1,076.048 for Russell, $55.95 for MSCI EAFE
Buffer levels:	807.036 for Russell, $41.963 for MSCI EAFE; 75% of initial levels
Pricing date:	March 3
Settlement date:	March 8
Agent:	Morgan Stanley & Co. LLC
Fees:	None
Cusip:	61761J2H1

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