New Issue: Morgan Stanley prices $1 million partial principal at risk notes tied to index basket

By Susanna Moon

Chicago, Aug. 14 – Morgan Stanley Finance LLC priced $1 million of 0% equity-linked partial principal at risk securities due Aug. 11, 2025 linked to a basket consisting of the S&P 500 index, the Nikkei 225 index and the Euro Stoxx 50 index, equally weighted, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 208% of any basket gain.

If the basket falls, the payout will be par plus the return, with a minimum payout of $900 per security.

The notes are guaranteed by Morgan Stanley.

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, Euro Stoxx 50 index and Nikkei 225 index, equally weighted
Amount:	$1 million
Maturity:	Aug. 11, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 208% of any basket gain; if index falls, par plus the return with floor of 90% of par
Initial levels:	2,850.40 for S&P, 3,483.30 for Stoxx and 22,507.32 for Nikkei
Pricing date:	Aug. 6
Settlement date:	Aug. 9
Underwriter:	Morgan Stanley & Co. LLC
Fees:	1%
Cusip:	61768DBW4

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