New Issue: Morgan Stanley prices $4.25 million digital notes linked to Stoxx 50

By Kiku Steinfeld

Chicago, Nov. 22 – Morgan Stanley Finance LLC priced $4.25 million of 0% digital notes due Nov. 15, 2023 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 at least 87.5% of the initial level, the payout at maturity will be the maximum settlement amount, $1,135 per $1,000 principal amount.

Otherwise, investors will lose 1.1429% for each 1% decline beyond 12.5%.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Digital notes
Underlying index:	Euro Stoxx 50 index
Amount:	$4,252,000
Maturity:	Nov. 15, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is at least 87.5% of initial level, maximum settlement amount, $1,135 per $1,000 principal amount; otherwise, 1.1429% loss for each 1% loss beyond 12.5%
Initial level:	4,386.19
Threshold level:	3,837.91625, 87.5% of the initial level
Pricing date:	Nov. 15
Settlement date:	Nov. 22
Agent:	Morgan Stanley & Co. LLC
Fees:	0%
Cusip:	61773HFA2

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