New Issue: Morgan Stanley sells $4.98 million capped leveraged notes on S&P 500

By Marisa Wong

Morgantown, W.Va., Aug. 3 – Morgan Stanley Finance LLC priced $4.98 million of 0% capped leveraged notes due April 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 300% of the gain, subject to a maximum settlement amount of $1,204 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:	$4,979,000
Maturity:	April 5, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 300% of index return, subject to 20.4% maximum return; full exposure to losses
Initial level:	2,477.83
Pricing date:	July 26
Settlement date:	Aug. 2
Agent:	Morgan Stanley & Co. LLC
Fees:	None
Cusip:	61768CMR5

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