New Issue: Morgan Stanley prices $14.04 million trigger performance notes linked to Euro Stoxx

By Marisa Wong

Madison, Wis., June 30 – Morgan Stanley priced $14.04 million of 0% trigger performance securities due June 30, 2025 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 202.24% of any index gain.

If the index finishes at or above the trigger level, 65% of the initial level, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

Morgan Stanley & Co. LLC is the underwriter with UBS Financial Services Inc. as dealer.

Issuer:	Morgan Stanley
Issue:	Trigger performance securities
Underlying index:	Euro Stoxx 50
Amount:	$14,037,520
Maturity:	June 30, 2025
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 202.24% of any index gain; if index falls by up to 35%, par; otherwise, full exposure to any losses
Initial level:	3,621.37
Trigger level:	2,353.89, 65% of initial level
Pricing date:	June 26
Settlement date:	June 30
Underwriter:	Morgan Stanley & Co. LLC with UBS Financial Services Inc. as dealer
Fees:	5%
Cusip:	61765G358

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