New Issue: Morgan Stanley sells $1.29 million partial principal at risk notes on index basket

By Marisa Wong

Morgantown, W.Va., July 26 – Morgan Stanley Finance LLC priced $1.29 million of 0% equity-linked partial principal at risk securities due July 28, 2021 linked to an equally weighted basket of the S&P 500 index, Russell 2000 index and Euro Stoxx Select Dividend 30 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

The payout at maturity will be par of $1,000 plus any basket gain.

If the basket finishes flat or declines, investors will receive par plus the basket return, subject to a minimum payout of $950 per security.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Equity-linked partial principal at risk securities
Underlying basket:	S&P 500 index, Russell 2000 index, Euro Stoxx Select Dividend 30 index; equally weighted
Amount:	$1.29 million
Maturity:	July 28, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any basket gain; 1% loss for every 1% basket decline, up to maximum loss of 5%
Initial index levels:	2,806.98 for S&P, 1,698.414 for Russell, 2,004.62 for Stoxx
Pricing date:	July 23
Settlement date:	July 26
Agent:	Morgan Stanley & Co. LLC
Fees:	1.5%
Cusip:	61768C6X0

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