New Issue: Morgan Stanley prices $7.08 million return optimization notes linked to energy ETF

By Angela McDaniels

Tacoma, Wash., Sept. 30 – Morgan Stanley priced $7.08 million of 0% return optimization securities due Sept. 30, 2020 linked to the Energy Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF finishes at or above the initial share price, the payout at maturity will be par plus three times the ETF return, subject to a maximum payout of $20 per $10 principal amount of notes. Investors will share in any losses.

Morgan Stanley & Co. LLC is the agent. UBS Financial Services Inc. is acting as dealer.

Issuer:	Morgan Stanley
Issue:	Return optimization securities
Underlying ETF:	Energy Select Sector SPDR Fund
Amount:	$7,080,590
Maturity:	Sept. 30, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus three times any gain in shares of ETF, capped at 100% return; otherwise, exposure to any losses
Initial share price:	$62.37
Pricing date:	Sept. 25
Settlement date:	Sept. 30
Agent:	Morgan Stanley & Co. LLC
Distributor:	UBS Financial Services Inc.
Fees:	3.5%
Cusip:	61765R297

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