New Issue: Morgan Stanley prices $3.58 million trigger PLUS linked to S&P 500

By Toni Weeks

San Luis Obispo, Calif., Aug. 16 - Morgan Stanley priced $3.58 million of 0% trigger Performance Leveraged Upside Securities due Aug. 20, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 135% of any index gain.

Investors will receive par if the index falls by up to 40% and will be fully exposed to any losses if the index drops to or below the 60% trigger level.

Morgan Stanley & Co. LLC is the agent with Morgan Stanley Wealth Management as dealer.

Issuer:	Morgan Stanley
Issue:	Trigger Performance Leveraged Upside Securities
Underlying index:	S&P 500
Amount:	$3,575,000
Maturity:	Aug. 20, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 135% of any index gain; par if index falls by less than 40%; full exposure to losses if index drops to or below trigger level
Initial index level:	1,685.39
Trigger level:	1,011.234, 60% of initial index level
Pricing date:	Aug. 14
Settlement date:	Aug. 19
Agent:	Morgan Stanley & Co. LLC with Morgan Stanley Wealth Management as dealer
Fees:	3%
Cusip:	61762P542

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