New Issue: Morgan Stanley sells $4.91 million leveraged buffered notes linked to MSCI EAFE

By Marisa Wong

Morgantown, W.Va., May 10 – Morgan Stanley Finance LLC priced $4.91 million of 0% leveraged buffered notes due April 22, 2020 to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If the index return is positive, the payout at maturity will be par plus 150% of the gain, subject to a maximum settlement amount of $1,279.90 per $1,000 principal amount. Investors will receive par if the index declines by up to 12.5% and will lose 1.1429% for every 1% that the index may decline beyond 12.5%.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Leveraged buffered notes
Underlying index:	MSCI EAFE
Amount:	$4,908,000
Maturity:	April 22, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 150% of index return, subject to 27.99% maximum return; par if index declines by up to 12.5%; 1.1429% loss for every 1% that index may decline beyond 12.5%
Initial index level:	2,031.20
Buffer level:	1,777.30, 87.5% of initial level
Pricing date:	May 4
Settlement date:	May 11
Agent:	Morgan Stanley & Co. LLC
Fees:	None
Cusip:	61768CZ34

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