New Issue: Morgan Stanley sells $1.09 million accelerated return securities on energy fund

By Marisa Wong

Morgantown, W.Va., Sept. 7 – Morgan Stanley Finance LLC priced $1.09 million of 0% accelerated return securities due Sept. 3, 2019 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If the fund return is positive, the payout at maturity will be par plus 148% of the fund return. Investors will be fully exposed to any fund decline.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Accelerated return securities
Underlying fund:	Energy Select Sector SPDR fund
Amount:	$1,085,000
Maturity:	Sept. 3, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If the fund finishes above its initial level, par plus 148% of the gain; full exposure to any losses
Initial level:	$62.72
Pricing date:	Aug. 28
Settlement date:	Aug. 31
Agent:	Morgan Stanley & Co. LLC
Fees:	1.5%
Cusip:	61768CNM5

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