New Issue: Morgan Stanley prices $10.74 million of buffered PLUS linked to S&P 500

By Susanna Moon

Chicago, Aug. 8 – Morgan Stanley Finance LLC priced $10.74 million of 0% buffered Performance Leveraged Upside Securities due Feb. 6, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of any index gain, up to a maximum return of $1,250 for each $1,000 principal amount.

Investors will receive par if the index falls by up to 17.5% and will lose 1.2121% for each 1% decline beyond 17.5%.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Buffered Performance Leveraged Upside Securities
Underlying index:	S&P 500
Amount:	$10,737,000
Maturity:	Feb. 6, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any index gain, capped at 25%; if index falls by up to 17.5%, par; otherwise, 1.2121% loss per 1% decline beyond 17.5%
Initial level:	2,470.30
Barrier level:	2,037.998, 82.5% of initial index level
Pricing date:	Aug. 1
Settlement date:	Aug. 4
Agent:	Morgan Stanley & Co. LLC
Fees:	None
Cusip:	61768CNQ6

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