New Issue: Morgan Stanley sells $3.6 million 5.6% buffered securities linked to ETF, index

By Marisa Wong

Morgantown, W.Va., Dec. 12 – Morgan Stanley priced $3.6 million of 5.6% fixed-income buffered securities due May 7, 2018 linked to the lesser performing of the Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par unless either asset finishes below 80% of its initial level, in which case investors will lose 1.25% for every 1% decline in the basket beyond the 20% buffer.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Fixed-income buffered securities
Underlying assets:	Russell 2000 index and iShares MSCI EAFE ETF
Amount:	$3.6 million
Maturity:	May 7, 2018
Coupon:	5.6%, payable monthly
Price:	Par of $1,000
Payout at maturity:	Par unless either asset falls by more than 20%, in which case 1.25% loss for each 1% loss beyond 20%
Initial asset levels:	1,322.339 for index, $56.79 for ETF
Pricing date:	Dec. 1
Settlement date:	Dec. 6
Agent:	Morgan Stanley & Co. LLC
Fees:	None
Cusip:	61761JZ93

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