New Issue: Morgan Stanley prices $3 million capped buffer gears linked to Russell

By Wendy Van Sickle

Columbus, Ohio, Feb. 5 – Morgan Stanley Finance LLC priced $3 million of 0% capped buffer gears due Jan. 31, 2022 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than zero, the payout at maturity will be par of $10 plus 1.5 times the index return, subject to a maximum return of 18.3%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that the index declines beyond 10%.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the underwriter. UBS Financial Services Inc. is acting as dealer.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Capped buffer gears
Underlying index:	Russell 2000
Amount:	$3 million
Maturity:	Jan. 31, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is greater than zero, par plus 1.5 times index return, subject to maximum return of 18.3%; par if index declines by 10% or less; 1% loss for every 1% that index declines beyond 10%
Initial level:	1,649.221
Downside threshold:	1,484.299, or 90% of initial level
Pricing date:	Jan. 29
Settlement date:	Jan. 31
Underwriter:	Morgan Stanley & Co. LLC
Dealer:	UBS Financial Services Inc.
Fees:	1%
Cusip:	61770G153

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