By Marisa Wong
Morgantown, W.Va., Feb. 9 – Morgan Stanley Finance LLC priced $13.38 million of 0% buffered digital notes due Nov. 13, 2018 linked to the S&P Banks Select Industry index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index return is zero or positive, the payout at maturity will be the maximum settlement amount of $1,186 per $1,000 principal amount.
If the index return is negative but greater than or equal to negative 10%, the payout will be par.
If the index return is less than negative 10%, investors will lose 1.1111% for each 1% decline beyond 10%.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Buffered digital notes
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| Underlying index: | S&P Banks Select Industry index
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| Amount: | $13.38 million
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| Maturity: | Nov. 13, 2018
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index return is zero or positive, par plus 18.6%; if index return is negative but at least negative 10%, par; otherwise, 1.1111% loss for each 1% decline beyond 10%
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| Initial level: | 959.97
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| Buffer level: | 863.973, 90% of initial level
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| Pricing date: | Feb. 7
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| Settlement date: | Feb. 14
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 1.52%
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| Cusip: | 61768CEX1
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