New Issue: Morgan Stanley prices $3 million trigger PLUS linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Nov. 21 – Morgan Stanley Finance LLC priced $3 million of 0% trigger Performance Leveraged Upside Securities due Nov. 22, 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.

If the index return is positive, the payout at maturity will be par of plus 140% of the index return, subject to a maximum return of $1,374 per $1,000 note. Investors will receive par if the index declines by 25% or less and will lose 1% for each 1% decline from the initial index level if it falls by more than 25%.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Trigger Performance Leveraged Upside Securities
Underlying index:	S&P 500
Amount:	$3 million
Maturity:	Nov. 22, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 140% of index return, up to a maximum payout of $1,374 per $1,000 note; par if final index level is less than or equal to initial level but greater than trigger level; 1% loss for each 1% decline from initial level if final level is less than trigger level
Initial index level:	2,187.12
Trigger level:	1,640.34, 75% of the initial price
Pricing date:	Nov. 17
Settlement date:	Nov. 22
Agent:	Morgan Stanley & Co. LLC
Fees:	2.5%
Cusip:	61768CCE5

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