New Issue: Morgan Stanley sells $8.76 million trigger performance notes on Russell

By Marisa Wong

Madison, Wis., April 29 - Morgan Stanley priced $8.76 million of 0% trigger performance securities due April 30, 2024 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 146.08% of the index return.

Investors will receive par if the index falls by up to 40% and will be fully exposed to losses from the initial level if it falls more than 40%.

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

Issuer:	Morgan Stanley
Issue:	Trigger performance securities
Underlying index:	Russell 2000
Amount:	$8,759,430
Maturity date:	April 30, 2024
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	Par plus 146.08% of index return if index gains; par if index falls by up to 40%; otherwise, full exposure to losses
Initial level:	1,123.030
Trigger level:	673.818, 60% of the initial price
Pricing date:	April 25
Settlement date:	April 30
Agents:	Morgan Stanley & Co. LLC and UBS Financial Services Inc.
Fees:	5%
Cusip:	61760S761

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