New Issue: Morgan Stanley prices $1.73 million 20-year contingent coupon notes tied to two indexes

By Susanna Moon

Chicago, July 31 – Morgan Stanley priced $1.73 million of contingent coupon notes due July 31, 2034 linked to the worst performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 7% if each index closes at or above its barrier level, 80% of its initial level, on the observation date for that month.

The payout at maturity will be par plus the final coupon.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Contingent coupon notes
Underlying indexes:	Russell 2000, Euro Stoxx 50
Amount:	$1,728,000
Maturity:	July 31, 2034
Coupon:	7% annualized per month that each index closes at or above coupon barrier level for that month
Price:	Par
Payout at maturity:	Par plus contingent monthly coupon
Initial index levels:	1,139.502 for Russell, 3,171.55 for Euro Stoxx
Coupon barriers:	80% of initial levels
Pricing date:	July 28
Settlement date:	July 31
Agent:	Morgan Stanley & Co. LLC
Fees:	3.5%
Cusip:	61761JRZ4

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