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Published on 3/1/2016 in the Prospect News Structured Products Daily.

New Issue: Morgan Stanley prices $6 million buffered return enhanced notes on S&P

By Susanna Moon

Chicago, March 1 – Morgan Stanley priced $6 million of 0% capped buffered return enhanced notes due March 1, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.05 times any index gain, up to a maximum return of 22.05%.

Investors will receive par if the index falls by up to 20% and will lose 1.25% for each 1% decline 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
Issue:Buffered return enhanced notes
Underlying index:S&P 500
Amount:$6 million
Maturity:March 1, 2018
Coupon:0%
Price:Par of $1,000
Payout at maturity:Par plus 1.05 times any index gain, capped at 22.05%; par if index declines by 20% or less; 1.25% loss per 1% decline beyond 20%
Initial level:1,951.70
Pricing date:Feb. 25
Settlement date:March 1
Agents:Morgan Stanley & Co. LLC, with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents
Fees:1.5%
Cusip:61761J2C2

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