New Issue: Morgan Stanley sells $645,000 partial principal at risk notes on Stoxx 50, EM ETF

By Marisa Wong

Morgantown, W.Va., July 6 – Morgan Stanley Finance LLC priced $645,000 of 0% equity-linked partial principal at risk securities due July 21, 2020 linked to the worse performing of the Euro Stoxx 50 index and the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If each underlying finishes above its initial level, the payout at maturity will be par of $1,000 plus the gain in the worse performing underlying.

Otherwise, investors will receive par plus the return of the worse performing underlying, subject to a minimum payout of $950 per security.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Equity-linked partial principal at risk securities
Underlyings:	Euro Stoxx 50 index, iShares MSCI Emerging Markets ETF
Amount:	$645,000
Maturity:	July 21, 2020
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If each underlying finishes above its initial level, par plus the gain in the worse performing underlying; otherwise, par plus the return of the worse performing underlying, subject to a minimum payout of $950 per security
Initial values:	3,441.60 for index $43.92 for ETF
Pricing date:	June 22
Settlement date:	June 27
Agent:	Morgan Stanley & Co. LLC
Fees:	2.5%
Cusip:	61768C4T1

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