New Issue: Morgan Stanley prices $2.58 million PLUS on Energy Select Sector SPDR

By Wendy Van Sickle

Columbus, Ohio, Jan. 5 – Morgan Stanley priced $2.58 million of 0% Performance Leveraged Upside Securities due Jan. 4, 2019 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus double any gain in the fund, up to a maximum return of 61.5%. Investors will be fully exposed to any decline in the fund.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Performance Leveraged Upside Securities
Underlying fund:	Energy Select Sector SPDR
Amount:	$2,576,890
Maturity date:	Jan. 4, 2019
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus double any fund gain, up to 61.5% maximum return; exposure to any losses
Initial share price:	$60.05
Pricing date:	Dec. 30
Settlement date:	Jan. 5
Agent:	Morgan Stanley & Co. LLC
Fees:	3%
Cusip:	1765U456

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