New Issue: Morgan Stanley sells $8.51 million capped leveraged notes on S&P 500

By Marisa Wong

Morgantown, W.Va., June 13 – Morgan Stanley Finance LLC priced $8.51 million of 0% capped leveraged notes due March 5, 2019 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 positive, the payout at maturity will be par plus 500% of the gain, subject to a maximum settlement amount of $1,181 per $1,000 principal amount. Investors will be fully exposed to any index decline.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Capped leveraged notes
Underlying index:	S&P 500
Amount:	$8,512,000
Maturity:	March 5, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 500% of index return, subject to 18.1% maximum return; full exposure to losses
Initial index level:	2,411.80
Pricing date:	May 31
Settlement date:	June 7
Agent:	Morgan Stanley & Co. LLC
Fees:	1.8%
Cusip:	61768CJV0

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