New Issue: Morgan Stanley prices $4.5 million buffered digital notes on S&P 500

By Marisa Wong

Morgantown, W.Va., April 10 – Morgan Stanley Finance LLC priced $4.5 million of 0% buffered digital notes due July 9, 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.

If the index return is at least negative 10%, the payout at maturity will be the maximum settlement amount of $1,077.50 per $1,000 principal amount.

If the index return is less than negative 10%, investors will lose 1.1111% for each 1% decline beyond 10%.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Buffered digital notes
Underlying index:	S&P 500 index
Amount:	$4,497,000
Maturity:	July 9, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is at least negative 10%, par plus 7.75%; otherwise, 1.1111% loss for each 1% decline beyond 10%
Initial level:	2,358.57
Threshold level:	2,122.713, 90% of initial level
Pricing date:	March 28
Settlement date:	April 4
Agent:	Morgan Stanley & Co. LLC
Fees:	None
Cusip:	61768CGQ4

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