New Issue: Morgan Stanley prices $10.02 million capped leveraged buffered notes on basket

By Wendy Van Sickle

Columbus, Ohio, March 31 – Morgan Stanley Finance LLC priced $10.02 million of 0% capped leveraged buffered notes due June 21, 2023 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

The basket includes the Euro Stoxx 50 index with a 36% weight, the Tokyo Stock Price index with a 27% weight, the FTSE 100 index with a 19% weight, the Swiss Market index with a 10% weight and the S&P/ASX 200 index with an 8% weight.

The payout at maturity will be par plus 150% of any basket gain, capped at $1,234 per $1,000 principal amount.

Investors will receive par if the basket declines by 15% or less and will lose 1.1765% for every 1% that it declines beyond 15%.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Capped leveraged buffered notes
Underlying basket:	Euro Stoxx 50 (36% weight), Tokyo Stock Price (27% weight), FTSE 100 (19% weight), Swiss Market (10% weight) and S&P/ASX 200 (8% weight)
Amount:	$10,017,000
Maturity:	June 21, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any basket gain, capped at $1,234 per $1,000 principal amount; par if basket falls by up to 15%; 1.1765% loss for every 1% drop beyond 15%
Initial levels:	3,832.57 for Stoxx, 1,955.55 for Topix, 6,674.83 for FTSE, 11,098.81 for Swiss, 6,790.558 for S&P/ASX
Pricing date:	March 25
Settlement date:	April 1
Agent:	Morgan Stanley & Co. LLC
Fees:	None
Cusip:	61771VMM9

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