New Issue: Morgan Stanley prices $6.8 million buffered PLUS tied to indexes, funds

By Susanna Moon

Chicago, June 14 – Morgan Stanley Finance LLC priced $6.8 million of 0% buffered Performance Leveraged Upside Securities due June 8, 2020 linked to a basket of three indexes and two exchange-traded funds, according to a 424B2 with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

The basket consists of the S&P 500 index with a 70% weight, the S&P MidCap 400 index with a 8% weight, the Russell 2000 index with a 3% weight, the iShares MSCI EAFE ETF with a 14% weight and the iShares MSCI Emerging Markets ETF with a 5% weight.

The payout at maturity will be par plus 142.82% of any basket gain.

Investors will receive par if the basket falls by up to 20% and will lose 1.25% for every 1% decline beyond 20%.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Buffered Performance Leveraged Upside Securities
Underlying basket:	S&P 500 index (70% weight), the S&P MidCap 400 index (8% weight), the Russell 2000 index (3% weight), the iShares MSCI EAFE ETF (14% weight) and the iShares MSCI Emerging Markets ETF (5% weight)
Amount:	$6,801,000
Maturity:	June 8, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 142.82% of any basket gain; par if basket falls by 20% or less; 1.25% loss for every 1% decline beyond 20%
Initial levels:	2,099 for S&P 500, 1,498.52 for S&P MidCap, 1,163.041 for Russell, $58.33 for iShares MSCI EAFE and $33.08 for iShares MSCI EM
Pricing date:	June 1
Settlement date:	June 6
Agent:	Morgan Stanley & Co. LLC
Fees:	None
Cusip:	61766BAW1

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