New Issue: Morgan Stanley prices $8.76 million trigger performance notes on Stoxx

By Susanna Moon

Chicago, Jan. 5 – Morgan Stanley priced $8.76 million of 0% trigger performance securities due Jan. 6, 2026 linked to the Euro Stoxx 50, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 189% of any index gain.

Investors will receive par if the index falls by up to 35% and will be fully exposed to any losses if the index finishes below the 65% trigger level.

Morgan Stanley & Co. LLC and UBS Financial Services Inc. are the agents.

Issuer:	Morgan Stanley
Issue:	Trigger performance securities
Underlying index:	Euro Stoxx 50
Amount:	$8,763,530
Maturity:	Dec. 31, 2025
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 189% of any index gain; par if index falls by up to 35%; full exposure to losses from initial level if index falls below trigger level
Initial level:	3,314.28
Trigger level:	2,154.28, 65% of initial level
Pricing date:	Dec. 29
Settlement date:	Dec. 31
Agents:	Morgan Stanley & Co. LLC and UBS Financial Services Inc.
Fees:	5%
Cusip:	61765U290

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