New Issue: Morgan Stanley prices $4.67 million leveraged buffered notes on S&P 500

By Devika Patel

Knoxville, Tenn., March 17 – Morgan Stanley priced $4.67 million of 0% leveraged buffered notes due Sept. 20, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus triple the index return, subject to a maximum settlement amount of $1,168 per $1,000 principal amount.

If the index return is zero or falls by up to 5%, the payout will be par. If the index return is below negative 5%, investors will lose 1.0526% for every 1% that the index declines beyond 5%.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Leveraged buffered notes
Underlying index:	S&P 500
Amount:	$4,667,000
Maturity:	Sept. 20, 2017
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If index return is positive, par plus triple index return, subject to $1,168 maximum return; par if index declines by up to 5%; otherwise, 1.0526% loss for every 1% that index declines beyond 5%
Initial index level:	2,015.93
Buffer level:	1,915.1335, 95% of initial level
Pricing date:	March 15
Settlement date:	March 22
Agent:	Morgan Stanley & Co. LLC
Fees:	1.33%
Cusip:	61761J2M0

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