New Issue: Morgan Stanley prices $2 million contingent coupon notes on S&P 500, Russell 2000

By Marisa Wong

Madison, Wis., Oct. 28 - Morgan Stanley priced $2 million of contingent coupon notes due Oct. 29, 2025 linked to worst performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes pay a monthly coupon at an annual rate of 5% if each index closes at or above its barrier level, 71.15% of its initial level, on the observation date for that month.

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

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Contingent coupon notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$2 million
Maturity:	Oct. 29, 2025
Coupon:	5% annualized, payable monthly if each index closes at or above its barrier level on the observation date for that month
Price:	Par
Payout at maturity:	Par plus final coupon, if any
Initial index levels:	1,752.07 for S&P 500 and 1,118.85 for Russell 2000
Barrier levels:	1,246.598 for S&P 500 and 796.062 for Russell 2000; 71.15% of initial levels
Pricing date:	Oct. 24
Settlement date:	Oct. 29
Agent:	Morgan Stanley & Co. LLC
Fees:	1%
Cusip:	61761JMJ5

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