New Issue: Morgan Stanley sells $1.05 million PLUS linked to Russell 2000

By Marisa Wong

Morgantown, W.Va., April 29 – Morgan Stanley Finance LLC priced $1.05 million of 0% Performance Leveraged Upside Securities due Aug. 5, 2020 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If the index finishes above its initial level, the payout at maturity will be par of $10 plus 300% of the gain, capped at $11.55 per PLUS. Investors will be fully exposed to losses.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Performance Leveraged Upside Securities
Underlying index:	Russell 2000
Amount:	$1,054,700
Maturity:	Aug. 5, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index gains, par plus 300% of gain, capped at $11.55 per PLUS; full exposure to losses
Initial level:	1,584.802
Pricing date:	April 12
Settlement date:	April 17
Agent:	Morgan Stanley & Co. LLC
Fees:	2.25%
Cusip:	61768X754

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