New Issue: Morgan Stanley prices $2.03 million buffered PLUS linked to S&P 500

By Devika Patel

Knoxville, Tenn., Sept. 2 – Morgan Stanley priced $2,027,180 of 0% buffered Performance Leveraged Upside Securities due Sept. 6, 2018 linked to the S&P 500 index, according to a FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 200% of any gain in the index, subject to a 25% maximum return. Investors will receive par if the index falls by up to 10% and will be exposed to any decline beyond the 10% buffer.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Buffered Performance Leveraged Upside Securities
Underlying index:	S&P 500
Amount:	$2,027,180
Maturity date:	Sept. 6, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any index gain, up to 25% maximum return; par if index falls by up to 10%; exposure to losses beyond 10%
Initial index level:	1,972.18
Pricing date:	Aug. 31
Settlement date:	Sept. 3
Agent:	Morgan Stanley & Co. LLC
Fees:	3%
Cusip:	61765G770

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