Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp)
December 02 2016 - 5:16PM
Edgar (US Regulatory)
Morgan
Stanley Finance
LLC
|
November
2016
Pricing
Sheet dated November 30, 2016 relating to
Preliminary
Terms No. 1,142 dated October 31, 2016
Registration
Statement Nos. 333-200365; 333-200365-12
Filed
pursuant to Rule 433
|
Structured Investments
Opportunities
in U.S. Equities
Dual Directional Trigger Jump Securities Based
on the Performance of the S&P 500
®
Index due December 3, 2021
Fully and Unconditionally Guaranteed by Morgan Stanley
Principal at Risk Securities
PRICING
TERMS –NOVEMBER 30, 2016
|
Issuer:
|
Morgan Stanley
Finance LLC
|
Guarantor:
|
Morgan Stanley
|
Maturity
date:
|
December 3, 2021
|
Valuation
date:
|
November 30, 2021, subject to postponement for
non-index business days and certain market disruption events
|
Underlying
index:
|
S&P 500
®
Index
|
Aggregate
principal amount:
|
$37,206,670
|
Payment at maturity:
|
·
If the final index value is
greater than or equal to
the initial index value:
$10 + the
greater
of (i) $10 × the index percent change and (ii) the upside payment
·
If the final index value is
less than
the initial index value but is
greater
than or equal to
the trigger level:
$10 + ($10
x absolute index return)
In this
scenario, you will receive a 1% positive return on the securities for each 1% negative return on the underlying index.
In no event will this amount exceed the stated principal amount plus $3.00.
·
If the final index value is
less than
the trigger level:
$10 ×
index performance factor
Under these
circumstances, the payment at maturity will be less than the stated principal amount of $10, and will represent a loss
of more than 30%, and possibly all, of your investment.
|
Upside
payment:
|
$2.95 per security (29.50% of the stated principal
amount)
|
Index
percent change:
|
(final index value –
initial index value) / initial index value
|
Absolute
index return:
|
The absolute value of the index percent change. For
example, a -5% index percent change will result in a +5% absolute index return.
|
Index
performance factor:
|
final index value / initial
index value
|
Initial
index value:
|
2,198.81, which is the index closing value on
the pricing date
|
Final
index value:
|
The index closing value on the valuation date
|
Trigger
level:
|
1,539.167, which is 70% of the initial index
value
|
Stated
principal amount / Issue price:
|
$10 per security
|
Pricing
date:
|
November 30, 2016
|
Original
issue date:
|
December 5, 2016 (3 business days after the pricing
date)
|
CUSIP
/ ISIN:
|
61766F516 / US61766F5162
|
Listing:
|
The securities will not be listed on any securities
exchange.
|
Agent:
|
Morgan Stanley & Co. LLC (“MS &
Co.”), an affiliate of MSFL and a wholly owned subsidiary of Morgan Stanley. See “Supplemental information
regarding plan of distribution; conflicts of interest” in the accompanying preliminary terms.
|
Estimated value on the pricing date:
|
$9.549 per security. See “Investment Summary”
in the accompanying preliminary terms.
|
Commissions
and issue price:
|
Price
to public
|
Agent’s commissions
|
Proceeds to us
(3)
|
Per
security
|
$10
|
$0.30
(1)
|
|
|
|
$0.05
(2)
|
$9.65
|
Total
|
$37,206,670
|
$1,302,233.45
|
$35,904,436.55
|
|
(1)
|
Selected dealers, including
Morgan Stanley Wealth Management (an affiliate of the Agent), and their financial advisors
will collectively receive from the Agent, MS & Co., a fixed sales commission of $0.30
for each security they sell. For additional information, see “Supplemental information
regarding plan of distribution; conflicts of interest”in the accompanying preliminary
terms and “Plan of Distribution (Conflicts of Interest)” in the accompanying
product supplement for Jump Securities.
|
|
(2)
|
Reflects a structuring fee
payable to Morgan Stanley Wealth Management by the Agent or its affiliates of $0.05 for
each security.
|
|
(3)
|
See “Use of proceeds
and hedging” in the accompanying preliminary terms.
|
“Standard & Poor’s
®
,”
“S&P
®
,” “S&P 500
®
,” “Standard & Poor’s 500”
and “500” are trademarks of Standard & Poor’s Financial Services LLC (“S&P”) and have been
licensed for use by Morgan Stanley. The securities are not sponsored, endorsed, sold or promoted by S&P, and S&P makes
no representation regarding the advisability of investing in the securities.
The securities are not deposits
or savings accounts and are not insured by the Federal Deposit Insurance Corporation or any other governmental agency or instrumentality,
nor are they obligations of, or guaranteed by, a bank.
You should read this document
together with the preliminary terms describing the offering and the related product supplement, index supplement and prospectus,
each of which can be accessed via the hyperlinks below.
References to “we,”
“us” and “our” refer to Morgan Stanley or MSFL, or Morgan Stanley and MSFL collectively, as the context
requires.
Preliminary Terms No. 1,142 dated October 31, 2016
Product Supplement for Jump Securities dated February 29, 2016
Index Supplement dated February 29, 2016
Prospectus dated February 16, 2016
MSFL and Morgan Stanley have filed a registration statement (including
a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus
in that registration statement and other documents MSFL and Morgan Stanley have filed with the SEC for more complete information
about MSFL, Morgan Stanley and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov.
Alternatively, the issuer, any underwriter or any dealer participating in this offering will arrange to send you the prospectus
if you request it by calling toll-free 1-800-584-6837.
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