New Issue: Morgan Stanley prices $7.89 million capped leveraged notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, March 23 – Morgan Stanley priced $7.89 million of 0% capped leveraged notes due March 22, 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 500% of any index gain, up to a maximum settlement amount of $1,227.50 for each $1,000 principal amount of notes. Investors will be exposed to any index decline.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Capped leveraged notes
Underlying index:	S&P 500
Amount:	$7,887,000
Maturity:	March 22, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus five times any index gain, up to maximum settlement of $1,227.50 per $1,000 principal; exposure to any losses
Initial index level:	2,049.58
Pricing date:	March 18
Settlement date:	March 28
Agent:	Morgan Stanley & Co. LLC
Fees:	2%
Cusip:	61761J2P3

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