New Issue: Morgan Stanley prices $1.8 million buffered PLUS tied to index basket

By Devika Patel

Knoxville, Tenn., July 18 – Morgan Stanley Finance LLC priced $1.8 million of 0% buffered Performance Leveraged Upside Securities due July 19, 2019 linked to a basket of three indexes, according to a 424B2 filing 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 15% weight and the Russell 2000 index with a 15% weight.

The payout at maturity will be par plus 200% of any basket gain, subject to a maximum of $1,172 per $1,000 of notes.

Investors will receive par if the basket falls by up to 10% and will lose 1% for each 1% decline beyond 10%.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Buffered Performance Leveraged Upside Securities
Basket components:	S&P 500 index (70% weight), Russell 2000 index (15% weight) and S&P MidCap 400 index (15% weight)
Amount:	$1,799,000
Maturity:	July 19, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is positive, par plus 200% of return, capped at $1,172 per $1,000 of notes; par if basket declines by 10% or less; exposure to losses beyond 10%
Initial levels:	2,459.27 for S&P 500, 1,765.32 for S&P MidCap 400, 1,428.817 for Russell 2000
Pricing date:	July 14
Settlement date:	July 19
Underwriter:	Morgan Stanley & Co. LLC
Fees:	0.25%
Cusip:	61768CMK0

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