New Issue: Morgan Stanley prices $5.35 million buffered PLUS linked to S&P 500

By Angela McDaniels

Tacoma, Wash., May 17 – Morgan Stanley priced $5.35 million of 0% buffered Performance Leveraged Upside Securities due Dec. 5, 2018 linked to the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus double the index return, subject to a maximum return of 18.55%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Buffered Performance Leveraged Upside Securities
Underlying index:	S&P 500
Amount:	$5,352,500
Maturity:	Dec. 5, 2018
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is positive, par plus 200% of index return, subject to 18.55% maximum return; par if index drops 10% or less; 1% loss for every 1% decline beyond 10%
Initial level:	2,046.61
Pricing date:	May 13
Settlement date:	May 18
Agent:	Morgan Stanley & Co. LLC
Fees:	3%
Cusip:	61766A327

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