New Issue: Morgan Stanley sells $5.13 million capped leveraged notes on S&P 500

By Marisa Wong

Morgantown, W.Va., April 28 – Morgan Stanley Finance LLC priced $5.13 million of 0% capped leveraged notes due July 9, 2018 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.

The payout at maturity will be par plus 300% of any index gain, up to a maximum settlement amount of $1,162 for each $1,000 principal amount of notes.

Investors will be exposed to any losses.

Morgan Stanley is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Capped leveraged notes
Underlying index:	S&P 500 index
Amount:	$5,125,000
Maturity:	July 9, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 300% of any index gain, up to a maximum settlement amount of $1,162 for each $1,000 principal amount; full exposure to any losses
Initial level:	2,355.84
Pricing date:	April 20
Settlement date:	April 27
Agent:	Morgan Stanley
Fees:	None
Cusip:	61768CHH3

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