New Issue: Morgan Stanley prices $2 million buffered PLUS linked to S&P 500, Russell 2000

By Angela McDaniels

Tacoma, Wash., Nov. 10 – Morgan Stanley priced $2 million of 0% buffered Performance Leveraged Upside Securities due Nov. 9, 2020 linked to a basket consisting of the S&P 500 index with a 65% weight and the Russell 2000 index with a 35% weight, according to a 424B2 filing with the Securities and Exchange Commission.

If the final basket level is greater than the initial basket level, the payout at maturity will be par plus 150% of the basket return. Investors will receive par if the basket declines by 10% or less and will lose 1.1111% for every 1% that the basket declines beyond 10%.

Morgan Stanley & Co. LLC is the agent.

The notes will price and settle in November.

Issuer:	Morgan Stanley
Issue:	Buffered Performance Leveraged Upside Securities
Underlying indexes:	S&P 500 (65% weight) and Russell 2000 (35% weight)
Amount:	$1,996,000
Maturity date:	Nov. 9, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any basket gain; par if basket falls by up to 10%; 1.1111% loss for each 1% basket decline beyond 10%
Initial index levels:	2,102.31 for S&P 500 and 1,190.385 for Russell 2000
Pricing date:	Nov. 4
Settlement date:	Nov. 9
Agent:	Morgan Stanley & Co. LLC
Fees:	1.075%
Cusip:	61761JQ28

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