New Issue: Morgan Stanley prices $13.09 million trigger PLUS on Energy Select SPDR

By Susanna Moon

Chicago, Feb. 4 – Morgan Stanley priced $13.09 million of 0% Trigger Performance Leveraged Upside Securities due Feb. 2, 2018 linked to the Energy Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund finishes above the initial level, the payout at maturity will be par plus 200% of the return up to a maximum return of 50%.

If the fund falls by up to the 90% trigger level, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Trigger Performance Leveraged Upside Securities
Underlying fund:	Energy Select Sector SPDR Fund
Amount:	$13,087,650
Maturity:	Feb. 2, 2018
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 200% of any fund gain, capped at 50%; if fund falls by up 10%, par; otherwise, full exposure to any losses
Initial level:	$75.55
Trigger level:	$67.995, 90% of initial level
Pricing date:	Jan. 30
Settlement date:	Feb. 4
Agent:	Morgan Stanley & Co. LLC
Fees:	2.5%
Cusip:	61764M679

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