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Published on 9/2/2015 in the Prospect News Structured Products Daily.

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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