New Issue: Morgan Stanley sells $2.19 million PLUS linked to iShares MSCI Japan

By Marisa Wong

Madison, Wis., May 29 – Morgan Stanley priced $2.19 million of 0% Performance Leveraged Upside Securities due May 25, 2017 linked to the iShares MSCI Japan index fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund return is positive, the payout at maturity will be par plus 150% of the fund return, subject to a maximum return of 20%. Investors will be exposed to any losses if the fund declines.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Performance Leveraged Upside Securities
Underlying fund:	iShares MSCI Japan index fund
Amount:	$2,185,000
Maturity:	May 25, 2017
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If fund return is positive, par plus 150% of fund return, return capped at 20%; investors will be exposed to any losses if the fund declines
Initial price:	$13.28
Pricing date:	May 22
Settlement date:	May 28
Agent:	Morgan Stanley & Co. LLC
Fees:	2.5%
Cusip:	61765G184

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