New Issue: Morgan Stanley prices $1.23 million trigger PLUS linked to iShares MSCI EAFE

By Susanna Moon

Chicago, May 1 - Morgan Stanley priced $1.23 million of 0% trigger Performance Leveraged Upside Securities due April 30, 2018 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any fund gain, up to a maximum return of 50%.

Investors will receive par if the fund falls up to 15% and will be fully exposed to any losses if the fund finishes below the 85% trigger level.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Trigger Performance Leveraged Upside Securities
Underlying fund:	iShares MSCI EAFE ETF
Amount:	$1,228,000
Maturity date:	April 30, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any fund gain, capped at 50%; par if fund falls by up to 15%; otherwise, full exposure to losses
Initial level:	$67.40
Trigger level:	$57.29, 85% of the initial price
Pricing date:	April 25
Settlement date:	April 30
Agent:	Morgan Stanley & Co. LLC
Fees:	3%
Cusip:	61760S746

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