New Issue: Morgan Stanley prices $500,000 trigger PLUS with no cap tied to indexes

By Wendy Van Sickle

Columbus, Ohio, July 10 – Morgan Stanley Finance LLC priced $500,000 of 0% trigger Performance Leveraged Upside Securities due June 30, 2022 linked to the lesser performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Morgan Stanley.

If each index finishes at or above its initial level, the payout at maturity will be par of $10 plus 200% of the gain of the worse performing index.

Investors will receive par if either index falls but by no more than 50% and will be fully exposed to any losses of the worse performing index if it finishes below the 50% trigger level.

Morgan Stanley & Co. LLC is the agent, with Morgan Stanley Wealth Management handling distribution.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Trigger Performance Leveraged Upside Securities
Underlying index:	Euro Stoxx 50, Russell 2000
Amount:	$500,000
Maturity:	June 30, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If final level of each is greater than initial index level, par plus 200% of lesser-performing index return; if lesser-performing index falls by up to trigger level, par; otherwise, full exposure to loss of lesser-performing index
Initial index levels:	3,538.32 for Stoxx, 1,403.522 for Russell
Trigger levels:	1,769.16 for Stoxx, 701.761 for Russell, 50% of initial levels
Pricing date:	June 27
Settlement date:	June 30
Agent:	Morgan Stanley & Co. LLC with Morgan Stanley Wealth Management handling distribution
Fees:	3.5%
Cusip:	61768CKJ5

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