New Issue: Morgan Stanley sells $250,000 fixed-income buffered autocalls on indexes

By Sarah Lizee

Olympia, Wash., Sept. 3 – Morgan Stanley Finance LLC priced $250,000 of 8% fixed-income buffered securities due June 3, 2021 linked to the lowest performing of the Dow Jones industrial average, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The notes will be automatically called at par if each index closes at or above its initial level on any quarterly call date.

If each index finishes at or above the 85% buffer level, the payout will be par.

Otherwise, investors will lose 1% for each 1% decline of the least performing index beyond the buffer.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Fixed-income buffered securities
Underlying indexes:	Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index
Amount:	$250,000
Maturity:	June 3, 2021
Coupon:	8%, payable quarterly
Price:	Par
Payout at maturity:	Par unless either index falls by more than 15%, in which case 1% loss for each 1% decline of worse-performing index beyond 15%
Call:	Notes will be automatically called at par if each index closes at or above its initial level on any quarterly call date
Initial levels:	1,561.876 for Russell, 12,110.7 for Nasdaq, 28,430.05 for Dow
Buffer levels:	1,327.595 for Russell, 10,294.095 for Nasdaq, 24,165.543 for Dow; 85% of initial levels
Pricing date:	Aug. 31
Settlement date:	Sept. 3
Agent:	Morgan Stanley & Co. LLC
Fees:	0.25%
Cusip:	61771BL69

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