New Issue: Morgan Stanley sells $9.24 million leveraged buffered notes on S&P 500

New York, March 16 – Morgan Stanley Finance LLC priced $9.24 million of 0% leveraged buffered notes due Dec. 11, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

The payout at maturity will be par plus 150% of any index gain, up to a maximum settlement amount of $1,180 per $1,000 principal amount.

Investors will receive par if the index falls by up to 12.5% and will lose 1.1429% for each 1% decline beyond 12.5%.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Leveraged buffered notes
Underlying index:	S&P 500
Amount:	$9,238,000
Maturity:	Dec. 11, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any index gain, capped at 18%; par if index declines by up to 12.5%; 1.1429% loss for every 1% decline beyond 12.5%
Initial level:	2,365.45
Buffer level:	2,069.76875, 87.5% of initial level
Pricing date:	March 14
Settlement date:	March 21
Agent:	Morgan Stanley & Co. LLC
Fees:	None
Cusip:	61768CGC5

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