New Issue: Morgan Stanley sells $4.28 million capped trigger gears on Russell 2000

By Wendy Van Sickle

Columbus, Ohio, May 31 – Morgan Stanley Finance LLC priced $4.28 million of 0% capped trigger gears due May 29, 2020 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Morgan Stanley.

If the index return is greater than zero, the payout at maturity will be par of $10 plus 2 times the index return, subject to a maximum gain of 34.4%.

Investors will receive par if the index declines by 25% or less and be fully exposed to the index’s decline from its initial level if it declines by more than 25%.

Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as dealer.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Capped trigger gears
Underlying index:	Russell 2000
Amount:	$4,284,000
Maturity:	May 29, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If the index return is greater than zero, par plus 2 times the index return, up to maximum gain of 34.4%; par if the index declines by 25% or less; full exposure to the index’s decline from its initial level if it declines by more than 25%
Initial level:	1,383.388
Downside threshold:	1,037.541, 75% of initial level
Pricing date:	May 25
Settlement date:	May 31
Agent:	Morgan Stanley & Co. LLC
Dealer:	UBS Financial Services Inc.
Fees:	2.5%
Cusip:	61766W451

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