New Issue: Morgan Stanley sells $8.28 million PLUS on SPDR S&P Regional Banking

By Wendy Van Sickle

Columbus, Ohio, Nov. 2 – Morgan Stanley priced $8.28 million of 0% Performance Leveraged Upside Securities due Feb. 5, 2018 linked to the SPDR S&P Regional Banking exchange-traded fund, according to a 424B2 with the Securities and Exchange Commission.

The payout at maturity will be par plus 300% of any fund gain, up to a maximum return of 20.9%.

Investors will be fully exposed to any decline in the fund.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Performance Leveraged Upside Securities
Underlying fund:	SPDR S&P Regional Banking ETF
Amount:	$8,275,750
Maturity:	Feb. 5, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 300% of any fund gain, capped at 20.9%; full exposure to loss
Initial level:	$43.79
Pricing date:	Oct. 31
Settlement date:	Nov. 3
Agent:	Morgan Stanley & Co. LLC
Fees:	2.25%
Cusip:	61766A533

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