New Issue: Morgan Stanley sells $3.28 million contingent income notes on Russell 2000, Euro Stoxx

By Susanna Moon

Chicago, Aug. 30 - Morgan Stanley priced $3.28 million of contingent income securities due Aug. 30, 2028 linked to the worst performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon will be 7.15% for the first five years, payable monthly. After that, the notes will pay a coupon at an annual rate of 7.15% if each index closes at or above its 50% barrier level on the review date for that month.

If the notes are not called and each index finishes at or above the 50% barrier level, the payout at maturity will be par plus the final contingent coupon.

Otherwise, investors will be fully exposed to any losses of the worst performing index.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Contingent income securities
Underlying indexes:	Russell 2000 and Euro Stoxx 50
Amount:	$3,284,000
Maturity:	Aug. 30, 2028
Coupon:	7.15% for five years; after that, 7.15%, if each index closes at or above its coupon barrier level; payable monthly
Price:	Par
Payout at maturity:	If each index finishes at or above barrier level, par plus final contingent coupon; otherwise, full exposure to any losses of worst performing index
Initial levels:	1,013.49 for Russell, 2,749.27 for Euro Stoxx
Barrier levels:	506.745 for Russell, 1,374.635 for Euro Stoxx; 50% of initial levels
Pricing date:	Aug. 27
Settlement date:	Aug. 30
Agent:	Morgan Stanley & Co. LLC
Fees:	3.5%
Cusip:	61761JKK4

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