New Issue: Morgan Stanley sells $3.02 million five-year securities on Russell 2000

By Marisa Wong

Morgantown, W.Va., Dec. 11 – Morgan Stanley Finance LLC priced $3.02 million 0% securities due Dec. 5, 2022 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Morgan Stanley.

If the final index level is greater than the initial index level, the payout at maturity will be par plus 103.5% of the index return. If the final index level is less than or equal to the initial index level but greater than or equal to the 60% trigger level, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines below the initial level.

Morgan Stanley & Co. Inc. is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Securities
Underlying index:	Russell 2000
Amount:	$3,017,240
Maturity:	Dec. 5, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index finishes at or above initial level, par plus 103.5% of index return; par if index finishes flat or falls by up to 40%; otherwise, 1% loss for every 1% drop below initial level
Initial level:	1,544.141
Trigger level:	926.485, 60% of initial level
Pricing date:	Nov. 30
Settlement date:	Dec. 5
Agents:	Morgan Stanley & Co. LLC
Fees:	3.5%
Cusip:	61768K455

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