New Issue: Morgan Stanley prices $2.19 million leveraged buffered notes linked to iShares MSCI EM

By Angela McDaniels

Tacoma, Wash., Feb. 3 – Morgan Stanley priced $2.19 million of 0% securities with leveraged upside participation to a cap and fixed percentage buffered downside due Aug. 4, 2017 linked to the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is positive, the payout at maturity will be par plus 150% of the gain, subject to a maximum return of 27%. Investors will receive par if the ETF decreases by up to 10% and will lose 1% for every 1% that the ETF declines beyond 10%.

Morgan Stanley & Co. LLC and Wells Fargo Securities LLC are the agents.

Issuer:	Morgan Stanley
Issue:	Securities
Underlying ETFs: iShares MSCI Emerging Markets ETF
Amount:	$2,188,000
Maturity:	Aug. 4, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any ETF gain, up to 27% maximum return; par if ETF declines by 10% or less; 1% loss for every 1% that ETF declines beyond 10%
Initial share price:	$39.02
Threshold price:	$35.118, 90% of initial share price
Pricing date:	Jan. 30
Settlement date:	Feb. 4
Agents:	Morgan Stanley & Co. LLC and Wells Fargo Securities LLC
Fees:	2.71%
Cusip:	61761JWC9

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