New Issue: Morgan Stanley sells $3.47 million trigger PLUS on oil &gas ETF

By Wendy Van Sickle

Columbus, Ohio, June 8 – Morgan Stanley Finance LLC priced $3.47 million of 0% trigger Performance Leveraged Upside Securities due June 8, 2020 linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If the ETF return is positive, the payout at maturity will be par of $10 plus 200% of the ETF return, up to a maximum gain of 49.5%. If the ETF declines by 30% or less, the payout will be par. If the ETF declines by more than 30%, investors will lose 1% for every 1% that the final level is less than the initial level.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Trigger Performance Leveraged Upside Securities
Underlying ETF:	SPDR S&P Oil & Gas Exploration & Production
Amount:	$3,471,000
Maturity:	June 8, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If ETF return is positive, par plus 200% of ETF return, up to maximum gain of 49.5%; if ETF declines by 30% or less, par; if ETF finishes below trigger level, 1% loss for every 1% that final level is less than initial level
Initial level:	$32.32
Trigger level:	$22.624, 70% of initial level
Pricing date:	June 5
Settlement date:	June 8
Agent:	Morgan Stanley & Co. LLC
Fees:	0.25%
Cusip:	61768CKX4

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