New Issue: Morgan Stanley sells $2.27 million digital index-linked notes on Stoxx

By Kiku Steinfeld

Chicago, Feb. 16 – Morgan Stanley Finance LLC priced $2.27 million of 0% digital notes due May 18, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If the index return is greater than or equal to 90% of the initial level, the payout at maturity will be $1,108 per $1,000 of notes.

Otherwise, investors will lose 1.1111% for every 1% that the index declines beyond 10%.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Digital notes
Underlying index:	Euro Stoxx 50
Amount:	$2,268,000
Maturity:	May 18, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If the index return is greater than or equal to 90% of the initial level, $1,108 per $1,000 of notes; otherwise, investors will lose 1.1111% for every 1% that the index declines beyond 10%
Initial index level:	3,590.46
Threshold level:	3,231.414 or 90% of initial level
Pricing date:	Feb. 2
Settlement date:	Feb. 9
Agent:	Morgan Stanley & Co. LLC
Fees:	None
Cusip:	61771E3H9

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