New Issue: Morgan Stanley prices $1.13 million contingent income autocallables linked to indexes

By Angela McDaniels

Tacoma, Wash., Nov. 14 – Morgan Stanley Finance LLC priced $1.13 million of contingent income autocallable securities due Nov. 18, 2019 linked to the worst performing of the Euro Stoxx 50 index, the S&P 500 index and the Swiss Market index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

Each quarter, the notes pay a contingent coupon at an annual rate of 6.05% plus any previously unpaid contingent coupons if each index closes at or above its threshold level, 65% of its initial level, on the determination date for that quarter.

Beginning May 9, 2017, the notes will be automatically called at par plus the related quarterly coupon (including any previously unpaid contingent coupons) if each index closes at or above its initial level on any quarterly redemption determination date.

If the notes have not been automatically redeemed and each index finishes at or above its threshold level, the payout at maturity will be par plus the final contingent coupon and any previously unpaid contingent coupons. If the final level of any index is less than its threshold level, investors will be fully exposed to the decline of the worst-performing index.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Contingent income autocallable securities
Underlying indexes:	Euro Stoxx 50, S&P 500 and Swiss Market
Amount:	$1.13 million
Maturity:	Nov. 18, 2019
Coupon:	Each quarter, notes pay contingent coupon at an annual rate of 6.05% plus any previously unpaid contingent coupons if each index closes at or above threshold level on determination date for that quarter
Price:	Par
Payout at maturity:	If each index finishes at or above threshold level, par plus final contingent coupon and any previously unpaid contingent coupons; if final level of any index is less than threshold level, full exposure to decline of worst-performing index
Call:	Beginning May 9, 2017, automatically at par plus related quarterly coupon (including any previously unpaid contingent coupons) if each index closes at or above its initial level on any quarterly redemption determination date
Initial index levels:	2,163.26 for S&P 500, 7,987.84 for Swiss Market and 3,056.29 for Euro Stoxx 50
Threshold levels:	1,406.119 for S&P 500, 5,133.596 for Swiss Market and 1,986.589 for Euro Stoxx 50; 65% of initial levels
Pricing date:	Nov. 9
Settlement date:	Nov. 17
Agent:	Morgan Stanley & LLC
Fees:	1%
Cusip:	61768CCC9

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