New Issue: Morgan Stanley sells $1.95 million buffered digital notes on Euro Stoxx

By Wendy Van Sickle

Columbus, Ohio, May 4 – Morgan Stanley Finance LLC priced $1.95 million of 0% buffered digital notes due July 8, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If the index return is greater than or equal to negative 15%, the payout at maturity will be $1,200 per $1,000 principal amount. Otherwise, investors will lose 1.1765% for each 1% that the index declines beyond 15 %.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Buffered digital notes
Underlying index:	Euro Stoxx 50
Amount:	$1,946,000
Maturity:	July 8, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is greater than or equal to negative 15%, par plus 20%; otherwise, 1.1765% loss for each 1% that index declines beyond 15%
Initial level:	3,553.79
Pricing date:	May 2
Settlement date:	May 9
Agent:	Morgan Stanley & Co. LLC
Fees:	None
Cusip:	61768CW52

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