New Issue: Morgan Stanley prices $.14 million capped contingent buffered equity notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, March 2 – Morgan Stanley Finance LLC priced $1.4 million of capped contingent buffered equity notes due March 13, 2019 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 any index gain, up to a maximum return of 11.6%.

Investors will receive par if the final average index value – the average closing level of the index on the five trading days ending March 8, 2019 – falls by up to 20% and will be fully exposed to losses if the index falls beyond 20%.

Morgan Stanley & Co. LLC is the agent with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Capped contingent buffered equity notes
Underlying index:	S&P 500 index
Amount:	$1,395,000
Maturity:	March 13, 2019
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par plus any index gain, up to a maximum return of 11.6%; if index falls by up to 20%, par; otherwise, 1% loss for each 1% decline below the initial level
Final index value:	Average closing level of the index on the five trading days ending March 8, 2019
Initial value:	2,747.3
Pricing date:	Feb. 23
Settlement date:	Feb. 28
Agent:	Morgan Stanley & Co. LLC
Placement agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1%
Cusip:	61768CE86

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