New Issue: Morgan Stanley prices $29.56 million capped leveraged notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., April 4 – Morgan Stanley priced $29.56 million of 0% capped leveraged notes due March 29, 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 300% of any index gain, up to a maximum settlement amount of $1,237 for each $1,000 principal amount of notes. Investors will be exposed to any index decline.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Capped leveraged notes
Underlying index:	S&P 500
Amount:	$29,562,000
Maturity:	March 29, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus three times any index gain, capped at 23.7% maximum return; exposure to any index decline
Initial index level:	2,059.74
Pricing date:	March 31
Settlement date:	April 7
Agent:	Morgan Stanley & Co. LLC
Fees:	2%
Cusip:	61761J2T5

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