New Issue: Morgan Stanley prices $6.01 million leveraged buffered notes on S&P 500

By Marisa Wong

Morgantown, W.Va., June 2 – Morgan Stanley priced $6.01 million of 0% leveraged buffered notes due Nov. 30, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 140% of the gain, subject to a maximum settlement amount of $1,179.20 per $1,000 principal amount.

Investors will receive par if the index declines by up to 10% and will lose 1.1111% for every 1% that the index declines beyond 10%.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Leveraged buffered notes
Underlying index:	S&P 500
Amount:	$6,012,000
Maturity:	Nov. 30, 2017
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par plus 140% of any index gain, subject to a maximum settlement amount of $1,179.20 per note; par if the index declines by up to 10%; 1.1111% loss for every 1% drop beyond 10%
Initial index level:	2,090.10
Buffer level:	1,881.09, 90% of initial level
Pricing date:	May 26
Settlement date:	June 3
Agent:	Morgan Stanley & Co. LLC
Fees:	None
Cusip:	61761J2Y4

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