New Issue: Morgan Stanley sells $1.55 million equity-linked partial principal at risk securities

By William Gullotti

Buffalo, N.Y., June 6 – Morgan Stanley Finance LLC priced $1.55 million of 0% equity-linked partial principal at risk securities due June 1, 2027 linked to the performance of the Dow Jones industrial average, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If each index finishes at or above its initial level, the payout at maturity will be par plus 125% of the return of the laggard index, subject to a maximum payout of par plus 90%.

If the laggard index declines, investors will receive par plus the return of the laggard index, subject to a minimum return of 95% of par.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Equity-linked partial principal at risk securities
Underlying indexes:	Russell 2000 index, Nasdaq-100 index, Dow Jones industrial average
Amount:	$1,547,000
Maturity:	June 1, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above initial level, par plus 125% of laggard index’s return capped at 90%; otherwise, par plus least-performing index return, subject to minimum payout of 95% of par
Initial levels:	12,276.79 for Nasdaq, 1,838.238 for Russell, 32,637.19 for Dow
Pricing date:	May 26
Settlement date:	June 1
Agent:	Morgan Stanley & Co. LLC
Fees:	None
Cusip:	61774DGA9

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