New Issue: Morgan Stanley prices $8.63 million buffered digital notes linked to oil index

By Angela McDaniels

Tacoma, Wash., July 24 – Morgan Stanley Finance LLC priced $8.63 million of 0% buffered digital notes due Jan. 7, 2019 linked to the S&P GSCI Crude Oil Index – Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If the index return is greater than or equal to negative 10%, the payout at maturity will be $1,212 per $1,000 principal amount. Otherwise, investors will lose 1.1111% for each 1% that the index declines beyond 10%.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Buffered digital notes
Underlying index:	S&P GSCI Crude Oil Index – Excess Return
Amount:	$8,625,000
Maturity:	Jan. 7, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is greater than or equal to negative 10%, $1,212 per $1,000 principal amount; otherwise, 1.1111% loss for each 1% that index declines beyond 10%
Initial index level:	141.6475
Pricing date:	July 20
Settlement date:	July 27
Agent:	Morgan Stanley & Co. LLC
Fees:	1.24%
Cusip:	61766YBT7

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