New Issue: Morgan Stanley sells $1.4 million 7% fixed income securities tied to three indexes

By William Gullotti

Buffalo, N.Y., Feb. 23 – Morgan Stanley Finance LLC priced $1.4 million of 7% fixed income securities due Nov. 20, 2025 linked to the performance of the Russell 2000 index, the Nasdaq-100 Technology Sector index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

Interest is payable monthly.

If the final level of each index is greater than or equal to 70% of its initial level, the payout at maturity will be par plus the last fixed coupon. Otherwise, investors will lose 1% for every 1% that the worst performer declined from its initial level.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Fixed income securities
Underlying indexes:	Russell 2000 index, Nasdaq-100 Technology Sector index, Dow Jones industrial average
Amount:	$1,399,000
Maturity:	Nov. 20, 2025
Coupon:	7%, payable monthly
Price:	Par
Payout at maturity:	If final level of each index is greater than or equal to barrier level, par plus last fixed coupon; otherwise, 1% loss for every 1% decline of worst performer from initial level
Initial index levels:	2,061.478 for Russell, 10,342.72 for Nasdaq Tech, 38,773.12 for Dow
Final barrier levels:	1,443.035 for Russell, 7,239.904 for Nasdaq Tech, 27,141.184 for Dow; 70% of initial levels
Pricing date:	Feb. 15
Settlement date:	Feb. 21
Agent:	Morgan Stanley & Co. LLC
Fees:	1.875%
Cusip:	61771WYK8

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