New Issue: Morgan Stanley prices $1.44 million capped leveraged notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, May 9 – Morgan Stanley priced $1.44 million of capped leveraged notes due July 9, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus three times the index return, subject to a maximum settlement amount of $1,309.90 per $1,000 principal amount of notes. If the index return is negative, investors will be fully exposed to the decline.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Capped leveraged notes
Underlying index:	S&P 500
Amount:	$1,444,000
Maturity:	July 9, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus three times any index gain, capped at $1,309.90 per $1,000 note; exposure to any index decline
Initial index level:	2,051.12
Pricing date:	May 4
Settlement date:	May 11
Agent:	Morgan Stanley & Co. LLC
Fees:	None
Cusip:	61761J2W8

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