New Issue: Morgan Stanley prices $6.73 million lookback entry PLUS tied to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Dec. 16 – Morgan Stanley priced $6.73 million of 0% lookback entry Performance Leveraged Upside Securities due June 19, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The initial index level will be the lowest closing level of the index during the two months from the pricing date through Jan. 23.

If the index return is positive, the payout at maturity will be par of $10 plus 200% of the index return, subject to a maximum return of 25%. If the index return is negative, investors will be fully exposed to the decline.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Lookback entry Performance Leveraged Upside Securities
Underlying index:	S&P 500
Amount:	$6,734,200
Maturity:	June 19, 2019
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is positive, par plus 200% of index return, subject to 25% maximum return; if index return is negative, full exposure to decline
Initial index level:	Lowest closing level of index during two months from pricing through Jan. 23
Pricing date:	Dec. 14
Settlement date:	Dec. 19
Agent:	Morgan Stanley & Co. LLC
Fees:	3%
Cusip:	61766F631

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