Morgan Stanley plans buffered autocallables due 2020 tied to Russell

By Susanna Moon

Chicago, May 23 – Morgan Stanley Finance LLC plans to price autocallable buffered notes due in 36 to 39 months linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par of $10 plus an annualized call premium of between 7.085% and 8.331% if the index closes at or above the initial level on either annual determination date.

If the index finishes at or above its initial level, the payout at maturity will be par plus the call premium.

Investors will receive par if the index falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

The Cusip number is 61768CJL2.

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