New Issue: Morgan Stanley prices $4.64 million capped leveraged notes on S&P Banks

By Marisa Wong

Morgantown, W.Va., July 25 – Morgan Stanley Finance LLC priced $4.64 million of 0% capped leveraged notes due Jan. 31, 2018 linked to the S&P Banks Select Industry index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If the index return is positive, the payout at maturity will be par plus 300% of the index return, subject to a maximum return of 30%. If the index return is negative, investors will have one-to-one exposure to the decline.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Capped leveraged notes
Underlying index:	S&P Banks Select Industry index
Amount:	$4,637,000
Maturity:	Jan. 31, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus three times any index gain, up to maximum settlement of $1,300 per $1,000 principal; exposure to any losses
Initial index level:	692.89
Pricing date:	July 21
Settlement date:	July 28
Agent:	Morgan Stanley & Co. LLC
Fees:	1.52%
Cusip:	61766BBN0

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