New Issue: Morgan Stanley sells $6.26 million buffered digital notes tied to basket of indexes

By Wendy Van Sickle

Columbus, Ohio, April 24 – Morgan Stanley Finance LLC priced $6.26 million 0% digital basket-linked notes due April 26, 2021 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix 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 finishes at or above 90% of its initial level, the payout at maturity will be par plus 15.02%.

Otherwise, investors will lose 1.1111% for each 1% decline beyond 10%.

The notes are guaranteed by Morgan Stanley.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Digital basket-linked notes
Basket components:	Euro Stoxx 50 (36% weight), Topix (27% weight), FTSE 100 (20% weight), Swiss Market (9% weight) and S&P/ASX 200 (8% weight)
Amount:	$6.26 million
Maturity:	April 26, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If basket finishes above 90% of initial level, $1,150.20 per $1,000 of notes; otherwise, 1.1111% loss for each 1% decline beyond 10%
Initial index levels:	3,499.23 for Euro Stoxx, 1,614.97 for Topix, 7,459.88 for FTSE, 9,571.22 for Swiss Market, 6,259.815 for S&P/ASX
Pricing date:	April 18
Settlement date:	April 24
Agent:	Morgan Stanley & Co. LLC
Fees:	2%
Cusip:	61768D6H3

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