New Issue: Morgan Stanley prices $28.5 million equity-linked notes tied to S&P 500

By Angela McDaniels

Tacoma, Wash., Nov. 28 - Morgan Stanley priced $28.5 million of 0% equity-linked notes due Nov. 24, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par of $10 plus the index return. If the final index level is less than or equal to the initial index level, the payout will be par plus 12.25%.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Equity-linked notes
Underlying index:	S&P 500
Amount:	$28.5 million
Maturity:	Nov. 24, 2017
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If final index level is greater than initial index level, par plus index return; if final index level is less than or equal to initial index level, par plus 12.25%
Initial index level:	1,188.04
Pricing date:	Nov. 22
Settlement date:	Nov. 28
Agent:	Morgan Stanley & Co. LLC
Fees:	3.5%
Cusip:	61760T173

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