New Issue: Morgan Stanley prices $250,000 partial principal at risk notes on indexes

By Sarah Lizee

Olympia, Wash., April 8 – Morgan Stanley Finance LLC priced $250,000 of 0% equity-linked partial principal at risk securities due Oct. 5, 2022 tied to the Dow Jones industrial average, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If each index finishes above its initial level, the payout at maturity will be par plus the return of the lesser-performing index, subject to a maximum return of 25%.

If either index finishes below its initial level, investors will be exposed to the decline of the lesser-performing index, subject to a minimum payout of 90% of par.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Equity-linked partial principal at risk securities
Underlying indexes:	Dow Jones industrial average, S&P 500 index and Russell 2000 index
Amount:	$250,000
Maturity:	Oct. 5, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes above initial level, par plus return of lesser-performing index, subject to maximum return of 25%; if either index finishes below initial level, exposure to decline of lesser-performing index, subject to minimum payout of 90% of par
Initial values:	21,917.16 for Dow, 1,153.103 for Russell, 2,584.59 for S&P
Pricing date:	March 31
Settlement date:	April 3
Agent:	Morgan Stanley & Co. LLC
Fees:	0.5%
Cusip:	61770FST4

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