Morgan Stanley to price 14-month capped gears linked to Russell 2000

By Marisa Wong

Morgantown, W.Va., Aug. 21 – Morgan Stanley Finance LLC plans to price 0% capped gears due Oct. 31, 2018 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will be guaranteed by Morgan Stanley.

If the index return is greater than zero, the payout at maturity will be par plus 3 times the index return, subject to a maximum gain of 12.6% to 14.6%. If the index return is less than zero, investors will have full exposure to the decline.

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

The notes will price on Aug. 28.

The Cusip number is 61766A814.

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