By Tali Rackner
Norfolk, Va., Aug. 12 – Morgan Stanley priced $5.5 million of 5.75% fixed-income buffered securities due Nov. 14, 2016 linked to the lesser performing of the iShares Russell 2000 exchange-traded fund and the MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the final level of each fund is greater than or equal to 85% of its initial level, the payout at maturity will be par.
If the final level of either fund is less than 85% of its initial level, investors will lose 1.1765% for each 1% decline beyond the 15% buffer.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
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| Issue: | Fixed-income buffered securities
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| Underlying funds: | iShares Russell 2000 ETF, MSCI EAFE ETF
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| Amount: | $5.5 million
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| Maturity: | Nov. 14, 2016
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| Coupon: | 5.75%
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| Price: | Par of $1,000
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| Payout at maturity: | If the final level of each fund is greater than or equal to 85% of its initial level, par; otherwise investors will lose 1.1765% for each 1% decline beyond the 15% buffer
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| Initial share prices: | $120.69 for Russell 2000 and $64.73 for MSCI EAFE
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| Buffer levels: | $102.587 for Russell 2000 and $55.021 for MSCI EAFE; 85% of initial levels
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| Pricing date: | Aug. 7
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| Settlement date: | Aug. 12
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| Agents: | Morgan Stanley & Co. LLC
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| Fees: | None
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| Cusip: | 61761JG37
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