New Issue: Morgan Stanley sells $2.67 million trigger PLUS linked to S&P 500, Russell 2000

By Wendy Van Sickle

Columbus, Ohio, June 7 – Morgan Stanley Finance LLC priced $2.67 million of 0% trigger Performance Leveraged Upside Securities due May 29, 2020 linked to and equally weighted basket of the Russell 2000 index and the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If the basket return is positive, the payout at maturity will be par of $10 plus 200% of the return of the basket. If the basket declines by 25% or less, the payout will be par. If the basket declines by more than 25%, investors will lose 1% for every 1% that the final level of the basket is less than its initial level.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Trigger Performance Leveraged Upside Securities
Basket components:	S&P 500, Russell 2000; equal weights
Amount:	$2,665,000
Maturity:	May 29, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is positive, par plus 200% of basket return; if basket declines by 25% or less, par; if basket finishes below trigger level, 1% loss for every 1% that final basket level is less than initial level
Initial levels:	1,382.244 for Russell, 2,415.82 for S&P
Pricing date:	May 26
Settlement date:	June 1
Agent:	Morgan Stanley & Co. LLC
Fees:	3%
Cusip:	61766W659

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