New Issue: Morgan Stanley prices $1.51 million buffered PLUS on iShares MSCI EAFE ETF

By Wendy Van Sickle

Columbus, Ohio, June 17 – Morgan Stanley Finance LLC priced $1.51 million of 0% buffered Performance Leveraged Upside Securities due June 17, 2020 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If the ETF return is positive, the payout at maturity will be par of $10 plus 150% of the ETF return, subject to a maximum return of 13.6%. Investors will receive par if the ETF declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Buffered Performance Leveraged Upside Securities
Underlying ETF:	iShares MSCI EAFE ETF
Amount:	$1,511,000
Maturity:	June 17, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If ETF return is positive, par plus 150% of ETF return, subject to 13.6% maximum return; par if ETF declines by 10% or less; 1% loss for every 1% that ETF declines beyond 10%
Initial share price:	$65.58
Buffer level:	$59.022, 90% of initial level
Pricing date:	June 12
Settlement date:	June 17
Agent:	Morgan Stanley & Co. LLC
Fees:	0.25%
Cusip:	61769HGX7

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