New Issue: Morgan Stanley prices $8.27 million 7.5% trigger callable yield notes on Nasdaq, Russell

By Wendy Van Sickle

Columbus, Ohio, March 1 – Morgan Stanley Finance LLC priced $8.27 million of 7.5% trigger callable yield notes due May 29, 2025 linked to the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes are callable at par on any monthly call date after three months.

The payout at maturity will be par unless any index finishes below its 65% downside threshold level, in which case investors will lose 1% for each 1% decline of the worst performer from its initial level.

The notes are guaranteed by Morgan Stanley.

UBS Financial Services Inc. and Morgan Stanley & Co. Inc. are the agents.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Trigger callable yield notes
Underlying indexes:	Nasdaq-100 index, Russell 2000 index
Amount:	$8,273,000
Maturity:	May 29, 2025
Coupon:	7.5% per year, payable monthly
Price:	Par of $10
Payout at maturity:	Par unless any index finishes below downside threshold, in which case 1% loss for each 1% decline worst performer from initial level
Call option:	At par on any monthly evaluation date after three months
Initial levels:	17,971.05 for Nasdaq, 2,056.107 for Russell
Downside thresholds:	11,681.18 for Nasdaq, 1,336.47 for Russell; 65% of initial levels
Pricing date:	Feb. 27
Settlement date:	Feb. 29
Agent:	UBS Financial Services Inc.
Fees:	1%
Cusip:	61776K356

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