New Issue: Morgan Stanley prices $5.8 million partial principal at risk notes linked to S&P 500

By Jennifer Chiou

New York, June 4 - Morgan Stanley priced $5.8 million of 0% equity-linked partial principal at risk securities due May 29, 2020 linked to the S&P 500 index, according to an FWP 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, subject to a maximum return of 80%. Otherwise, investors will lose 1% for every 1% that the final index level declines below the initial level, subject to a maximum loss of 10%.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Equity-linked partial principal at risk securities
Underlying index:	S&P 500
Amount:	$5.8 million
Maturity:	May 29, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus any index gain, up to maximum return of 80%; 1% loss for every 1% that index declines, up to maximum loss of 10%
Initial index level:	1,630.74
Pricing date:	May 31
Settlement date:	June 5
Agent:	Morgan Stanley & Co. LLC
Fees:	3.5%
Cusip:	61762E299

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