New Issue: Morgan Stanley prices $2 million contingent buffer notes linked to Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., Feb. 9 – Morgan Stanley priced $2 million of 0% contingent buffer equity notes due Feb. 24, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-out event will occur if the final index level is less than the initial index level by more than 15%.

If a knock-out event has not occurred, the payout at maturity will be par plus 10.65%. If a knock-out event has occurred, investors will receive a cash payment that will reflect the percentage depreciation in the index on a one-to-one basis.

Morgan Stanley & Co. LLC is the agent with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents.

Issuer:	Morgan Stanley
Issue:	Contingent buffer equity notes
Underlying index:	Euro Stoxx 50
Amount:	$2 million
Maturity:	Feb. 24, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 10.65% unless final index level is less than knock-out level, in which case 1% loss for each 1% that final index level is less than initial index level
Initial index level:	2,879.39
Final index level:	Average of index’s closing levels on five trading days ending Feb. 20, 2017
Knock-out level:	2,447.4815, 85% of initial level
Pricing date:	Feb. 5
Settlement date:	Feb. 10
Agent:	Morgan Stanley & Co. LLC
Placement agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1%
Cusip:	61761JX38

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