New Issue: Morgan Stanley prices $20.24 million digital notes linked to index basket

By Wendy Van Sickle

Columbus, Ohio, Dec. 28 – Morgan Stanley Finance LLC priced $20.24 million of 0% digital notes due June 23, 2020 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Morgan Stanley.

The basket consists of the Euro Stoxx 50 index with a 36% weight, the Tokyo Stock Price index with a 27% weight, the FTSE 100 index with a 20% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.

If the basket return is zero or positive, the payout at maturity will be the greater of the threshold settlement amount, $1,284 per $1,000 principal amount, and par plus the basket return. Investors will be fully exposed to any basket decline.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Digital notes
Underlying basket:	Euro Stoxx 50 index (36% weight), Tokyo Stock Price index (27% weight), FTSE 100 index (20% weight), Swiss Market index (9% weight) and S&P/ASX 200 index (8% weight)
Amount:	$20,242,000
Maturity:	June 23, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is zero or positive, greater of par plus greater of basket return and threshold settlement amount of $1,284 per $1,000 of notes; full exposure to basket decline
Initial level:	3,051.38 for Stoxx, 1,556.15 for Tokyo Stock, 6,765.94 for FTSE, 8,540.16 for Swiss Market, 5,580.596 for S&P/ASX
Pricing date:	Dec. 19
Settlement date:	Dec. 27
Agent:	Morgan Stanley & Co. LLC
Fees:	1.67%
	Cusip:	61768DUG8

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