New Issue: Morgan Stanley sells $15.55 million capped gears tied to Russell 2000

By Marisa Wong

Morgantown, W.Va., Aug. 31 – Morgan Stanley Finance LLC priced $15.55 million of 0% capped gears due Oct. 31, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If the index return is greater than zero, the payout at maturity will be par plus 3 times the index return, subject to a maximum gain of 14.25%. If the index return is less than zero, investors will have full exposure to the decline.

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

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Capped gears
Underlying index:	Russell 2000
Amount:	$15,553,740
Maturity:	Oct. 31, 2018
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If the index return is greater than zero, par plus 3 times the index return, subject to a maximum gain of 14.25%; if the index return is less than zero, investors will have full exposure to the decline
Initial level:	1,382.229
Pricing date:	Aug. 28
Settlement date:	Aug. 31
Agent:	Morgan Stanley & Co. LLC
Dealer:	UBS Financial Services Inc.
Fees:	2%
Cusip:	61766A814

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