New Issue: Morgan Stanley prices $4.78 million 5.15% buffered securities on index, ETF

By Wendy Van Sickle

Columbus, Ohio, Dec. 7 – Morgan Stanley Finance LLC priced $4.78 million 5.15% buffered securities due July 10, 2019 linked to the worse performing of the Russell 2000 index and the and the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Morgan Stanley.

If the final level of each asset is at least 80% of its initial level, the payout at maturity will be par. Investors will lose 1.25% for every 1% that the lesser performing declines below the 80% buffer level.

Morgan Stanley & Co. Inc. is the agent.

Issuer:	Morgan Stanley
Issue:	Fixed-rate buffered securities
Underlying assets:	Russell 2000 and iShares MSCI EAFE ETF
Amount:	$4,775,000
Maturity:	July 10, 2019
Coupon:	5.15%, payable monthly
Price:	Par of $1,000
Payout at maturity:	If each asset finishes at or above buffer level, par; otherwise, 1.25% loss for every 1% drop of lesser performing asset beyond 20% buffer
Initial level:	1,532.414 for index, $69.58 for ETF
Barrier level:	1,225.93 for index, $55.664 for ETF, 80% of initial level
Pricing date:	Dec. 5
Settlement date:	Dec. 8
Agents:	Morgan Stanley & Co. LLC
Fees:	0%
Cusip:	61768CVX2

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