New Issue: Morgan Stanley sells $5.61 million contingent market-linked notes on Apple, Amazon, Tesla

By Wendy Van Sickle

Columbus, Ohio, April 21 – Morgan Stanley Finance LLC priced $5.61 million of market-linked contingent income notes due April 21, 2027 linked to the performance of the stocks of Apple Inc., Tesla, Inc. and Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If on any annual determination date the closing price of each stock is at least equal to its initial price, the notes will pay a 6% coupon. If the closing price of any underlying stock is less than its initial price, the notes will pay a coupon of 1% that year.

The payout at maturity will be par plus the final coupon.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Market-linked contingent income notes
Underlying stocks:	Apple Inc., Tesla, Inc., Amazon.com, Inc.
Amount:	$5,606,000
Maturity:	April 21, 2027
Coupon:	If closing price of each stock is at least equal to initial stock on an annual observation date, 6%; otherwise, 1% for that year
Price:	Par
Payout at maturity:	Par plus final coupon
Initial levels:	$165.07 for Apple, $1,004.29 for Tesla, $3,055.70 for Amazon
Pricing date:	April 18
Settlement date:	April 21
Agent:	Morgan Stanley & Co. LLC
Fees:	3.25%
Cusip:	61773QP94

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