New Issue: Morgan Stanley prices $6.83 million bearish capped gears linked to S&P

By Angela McDaniels

Tacoma, Wash., April 17 – Morgan Stanley Finance LLC priced $6.83 million of 0% bearish capped gears due April 17, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is less than the initial index level, the payout at maturity will be par of $10 plus 2% for every 1% that the index declines, subject to a maximum return of 31.2%. If the final index level is greater than the initial index level, investors will lose 1% for every 1% that the index increases.

Morgan Stanley & Co. LLC is the agent. UBS Financial Services Inc. is acting as dealer.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Bearish capped gears
Underlying index:	S&P 500
Amount:	$6,825,000
Maturity:	April 17, 2019
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If final index level is less than initial index level, par plus 2% for every 1% that index declines, subject to 31.2% maximum return; if final index level is greater than initial index level, 1% loss for every 1% that index increases
Initial level:	2,344.93
Pricing date:	April 12
Settlement date:	April 18
Agent:	Morgan Stanley & Co. LLC
Dealer:	UBS Financial Services Inc.
Fees:	2%
Cusip:	61766W220

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