New Issue: Morgan Stanley sells $2.09 million 7.35% callable notes tied to indexes

By Susanna Moon

Chicago, June 30 – Morgan Stanley Finance LLC priced $2.09 million of 7.35% callable fixed income securities due June 13, 2019 linked to the worst performing of the Euro Stoxx 50 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The notes are callable on any review date.

The payout at maturity will be par unless any index finishes below its 75% barrier level, in which case investors will be fully exposed to any losses of the worst performing index.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Callable fixed income securities
Underlying indexes:	Euro Stoxx 50, S&P 500 and Russell 2000
Amount:	$2.09 million
Maturity:	June 13, 2019
Coupon:	7.35%, payable quarterly
Price:	Par
Payout at maturity:	Par unless any index falls below 75% barrier, in which case 1% loss per 1% decline of worst performing index
Call option:	At par on any quarter call date beginning Dec. 14, 2017
Initial index levels:	3,586.07 for Stoxx, 2,431.77 for S&P and 1,421.707 for Russell
Barrier levels:	2,689.553 for Stoxx, 1,823.828 for S&P and 1,066.28 for Russell; 75% of initial levels
Pricing date:	June 9
Settlement date:	June 14
Agent:	Morgan Stanley & Co. LLC
Fees:	1.5%
Cusip:	61768CLB1

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