New Issue: Morgan Stanley prices $507,000 buffered PLUS on energy ETF

By Sarah Lizee

Olympia, Wash., Oct. 11 – Morgan Stanley Finance LLC priced $507,000 of 0% buffered Performance Leveraged Upside Securities due Oct. 14, 2020 linked to the Energy Select Sector SPDR fund, according to a 424B2 with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If the ETF return is positive, the payout at maturity will be par plus 1.5 times the ETF return, subject to a maximum return of 15%. Investors will receive par if the ETF declines by 10% or less and will lose 1% for every 1% that it may decline beyond 10%.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Buffered Performance Leveraged Upside Securities
Underlying ETF:	Energy Select Sector SPDR fund
Amount:	$507,000
Maturity:	Oct. 14, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If ETF return is positive, par plus 150% of ETF return, subject to 15% maximum return; par if ETF drops 10% or less; 1% loss for every 1% decline beyond 10%
Initial share price:	$56.87
Buffer level:	$51.183, 90% of initial price
Pricing date:	Oct. 7
Settlement date:	Oct. 10
Agent:	Morgan Stanley & Co. LLC
Fees:	0.25%
Cusip:	61769HC86

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