New Issue: Morgan Stanley prices $510,000 market-linked notes tied to three stocks

By Angela McDaniels

Tacoma, Wash., May 23 – Morgan Stanley Finance LLC prices $510,000 of 0% market-linked notes due May 26, 2022 linked to the least performing of the common stocks of Bank of America Corp., Apple Inc. and Nike, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

The payout at maturity will be par plus the return of the least-performing stock, subject to a minimum payout of $1,000 and a maximum payout of $1,250 per $1,000 principal amount of notes.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Market-linked notes
Underlying stocks:	Bank of America Corp. (Symbol: BAC), Apple Inc. (Symbol: AAPL) and Nike, Inc. (Symbol: NKE)
Amount:	$510,000
Maturity:	May 26, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus return of least-performing stock, subject to minimum payout of $1,000 and maximum payout of $1,250 per $1,000 principal amount of notes
Initial share prices:	$28.69 for Bank of America, $186.60 for Apple and $83.64 for Nike
Pricing date:	May 21
Settlement date:	May 24
Agent:	Morgan Stanley & Co. LLC
Fees:	3.4%
Cusip:	61769HCK9

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