New Issue: Morgan Stanley prices $10.09 million trigger performance notes on S&P

By Marisa Wong

Madison, Wis., April 29 - Morgan Stanley priced $10.09 million of 0% trigger performance securities due April 30, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 170.04% of the index return.

Investors will receive par if the index falls by up to 50% and will be fully exposed to losses from the initial level if it falls more than 50%.

Morgan Stanley & Co. LLC and UBS Financial Services Inc. are the agents.

Issuer:	Morgan Stanley
Issue:	Trigger performance securities
Underlying index:	S&P 500
Amount:	$10,091,510
Maturity date:	April 30, 2024
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	Par plus 170.04% of index return if index gains; par if index falls by up to 50%; otherwise, full exposure to losses
Initial level:	1,863.40
Trigger level:	931.70, 50% of the initial price
Pricing date:	April 25
Settlement date:	April 30
Agents:	Morgan Stanley & Co. LLC and UBS Financial Services Inc.
Fees:	5%
Cusip:	61760S753

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