New Issue: Morgan Stanley prices $1.56 million leveraged buffered notes on Russell

By Marisa Wong

Morgantown, W.Va., March 8 – Morgan Stanley priced $1.56 million of 0% securities due Sept. 4, 2018 with leveraged upside participation to a cap and fixed percentage buffered downside linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any index gain, subject to a maximum return of 35%.

Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond the 10% buffer.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Securities – leveraged upside participation to a cap and fixed percentage buffered downside
Underlying index:	Russell 2000
Amount:	$1,561,000
Maturity:	Sept. 4, 2018
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par plus 150% of any index gain up to $1,350 maximum payout; par if fund falls by 10% or less; 1% loss for every 1% that index declines beyond 10%
Initial level:	1,033.901
Threshold level:	930.5109, 90% of initial level
Pricing date:	Feb. 29
Settlement date:	March 3
Agent:	Morgan Stanley & Co. LLC
Fees:	2.62%
Cusip:	61761JW54

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