New Issue: Morgan Stanley prices $5.71 million autocallables tied to Russell 2000

By Angela McDaniels

Tacoma, Wash., Oct. 28 – Morgan Stanley Finance LLC priced $5.71 million of 0% autocallable securities due Oct. 29, 2021 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

The notes will be called at par plus a premium of 8.7% a year if the index closes at or above its initial level on any of four annual determination dates.

If the final index level is greater than or equal to the initial share price, the payout at maturity will be par plus 43.5%. Investors will receive par if the index falls by 20% or less. If the index declines by more than 20%, investors will have one-to-one exposure to the index’s decline from its initial level.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Autocallable securities
Underlying index:	Russell 2000
Amount:	$5.71 million
Maturity:	Oct. 29, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If final index level is greater than or equal to initial share price, par plus 43.5%; par if index falls by 20% or less;. if index declines by more than 20%, one-to-one exposure to index’s decline from initial level
Call:	At par plus 8.7% per year if index closes at or above initial share price on Oct. 27, 2017, Oct. 26, 2018, Oct. 28, 2019 or Oct. 26, 2020
Initial index level:	1,204.749
Downside threshold:	963.799, 80% of initial level
Pricing date:	Oct. 26
Settlement date:	Oct. 31
Underwriter:	Morgan Stanley & Co. LLC
Fees:	3%
Cusip:	61766F367

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