Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp)
February 05 2016 - 4:43PM
Edgar (US Regulatory)
|
February
2016
Pricing
Sheet dated February 3, 2016 relating to
Amendment
1. To Preliminary Terms No. 788 dated February 2, 2016
Registration
Statement No. 333-200365
Filed
pursuant to Rule 433 |
Structured
Investments
Opportunities
in International Equities
Jump Securities Based on the Value of the EURO
STOXX 50® Index due May 8, 2017
Principal at Risk Securities
PRICING
TERMS – FEBRUARY 3, 2016 |
Issuer: |
Morgan Stanley |
Issue price: |
$10 per security (see “Commissions and issue price” below) |
Stated principal amount: |
$10 per security |
Pricing date: |
February 3, 2016 |
Original issue date: |
February 8, 2016 (3 business days after the pricing date) |
Maturity date: |
May 8, 2017 |
Aggregate principal amount: |
$2,000,000 |
Interest: |
None |
Underlying index: |
EURO STOXX 50® Index |
Payment at maturity: |
· If
the final index value is greater than or equal to the initial index value:
$10
+ the upside payment
· If
the final index value is less than the initial index value:
$10
× index performance factor
Under these
circumstances, the payment at maturity will be less than the stated principal amount of $10 and could be zero.
|
Upside payment: |
$2.13 per security (21.30% of the stated
principal amount) |
Index performance factor: |
final index value / initial index value |
Initial index value: |
2,896.63, which is the index closing value on the pricing date |
Final index value: |
The index closing value on the valuation date |
Valuation date: |
May 3, 2017, subject to postponement for non-index business days and certain
market disruption events |
CUSIP: |
61765U860 |
ISIN: |
US61765U8606 |
Listing: |
The securities will not be listed on any securities exchange. |
Agent: |
Morgan Stanley & Co. LLC (“MS & Co.”), 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: |
$9.68 per
security. See “Investment Summary” in the accompanying preliminary terms. |
Commissions and issue price: |
Price
to public |
Agent’s commissions and
fees |
Proceeds to issuer(3) |
Per
security |
$10 |
$0.10(1) |
|
|
|
$0.05(2) |
$9.85 |
Total |
$2,000,000 |
$30,000 |
$1,970,000 |
| (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 $0.10 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. |
The securities are not bank deposits and
are not insured by the Federal Deposit Insurance Corporation or any other governmental agency, 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.
“EURO
STOXX®” and “STOXX®” are registered trademarks of STOXX Limited and have been licensed
for use for certain purposes by Morgan Stanley. The securities are not sponsored, endorsed, sold or promoted by STOXX Limited,
and STOXX Limited makes no representation regarding the advisability of investing in the securities.
Amendment No. 1 to Preliminary Terms No. 788 dated February 3, 2016
Product Supplement for Jump Securities dated November 19, 2014 Index Supplement dated November 19, 2014
Prospectus dated November 19, 2014
The issuer has 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 the issuer has filed with the SEC for more complete
information about the issuer 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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