New Issue: Morgan Stanley prices $3.39 million contingent coupon notes linked to Russell 2000

By Susanna Moon

Chicago, June 14 - Morgan Stanley priced $3.39 million of non-callable contingent coupon notes due June 13, 2031 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon will be 8% for the first year. After that, it will be 8% only if the index closes at or above 575 on the observation date for that month. Interest is payable monthly.

The payout at maturity will be par.

Morgan Stanley & Co. Inc. is the agent.

Issuer:	Morgan Stanley
Issue:	Non-callable contingent coupon notes
Underlying index:	Russell 2000
Amount:	$3,385,000
Maturity:	June 13, 2031
Coupon:	8% for one year; then, 8% only if index closes at or above 575 on relevant observation date; payable monthly
Price:	Par
Payout at maturity:	Par
Pricing date:	June 10
Settlement date:	June 15
Underwriter:	Morgan Stanley & Co. Inc.
Fees:	3.5%
Cusip:	617482UY8

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