New Issue: Morgan Stanley sells $1.49 million buffered digital index-linked notes on MSCI EAFE

By William Gullotti

Buffalo, N.Y., April 16 – Morgan Stanley Finance LLC priced $1.49 million of 0% buffered digital notes due March 13, 2026 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If the index return is greater than or equal to 85% of the initial level, the payout at maturity will be par plus 16%.

Otherwise, investors will lose 1.1765% for every 1% that the index declines beyond 15%.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Buffered digital index-linked notes
Underlying index:	MSCI EAFE index
Amount:	$1,485,000
Maturity:	March 13, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If the index return is greater than or equal to 85% of the initial level, par plus 16%; otherwise, investors will lose 1.1765% for every 1% that the index declines beyond 15%
Initial index level:	2,334.26
Threshold level:	1,984.121; 85% of initial level
Pricing date:	April 9
Settlement date:	April 16
Agent:	Morgan Stanley & Co. LLC
Fees:	None
Cusip:	61776LSF5

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