New Issue: Morgan Stanley prices $3.8 million leveraged buffered notes linked to MSCI EAFE

By Sarah Lizee

Olympia, Wash., June 20 – Morgan Stanley Finance LLC priced $3.8 million of 0% leveraged buffered notes due Oct. 7, 2020 linked 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 finishes above its initial level, the payout at maturity will be par plus 150% of the index return, subject to a maximum return of 19.65%. Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that it declines beyond 10%.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Leveraged buffered notes
Underlying index:	MSCI EAFE
Amount:	$3,796,000
Maturity:	Oct. 7, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes above initial level, par plus 150% of index return, subject to 19.65% maximum return; par if index declines by 10% or less; 1.1111% for every 1% that index declines beyond 10%
Initial level:	1,825.98
Buffer level:	1,643.382, 90% of initial level
Pricing date:	May 30
Settlement date:	June 6
Agent:	Morgan Stanley & Co. LLC
Fees:	None
Cusip:	61769HDD4

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