Morgan Stanley to price principal at risk notes on WTI crude oil

By Marisa Wong

Morgantown, W.Va., May 29 – Morgan Stanley Finance LLC plans to price 0% 24- to 27-month notes linked to West Texas Intermediate light sweet crude oil futures contracts, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If the final price is greater than or equal to the initial price, the payout at maturity will be the greater of the threshold settlement amount, $1,205.20 and $1,241.30 per $1,000 note, and par plus the return.

If the final price is less than the initial price, the payout will be par plus the return plus the threshold amount, which is expected to be 20.52% to 24.13% and will be set at pricing.

Morgan Stanley & Co. LLC is the agent.

The Cusip number is 61766YCW9.

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