New Issue: Morgan Stanley sells $8.42 million digital notes on Euro Stoxx 50

By Wendy Van Sickle

Columbus, Ohio, April 15 – Morgan Stanley Finance LLC priced $8.42 million of 0% digital notes due July 13, 2022 linked to the Euro Stoxx 50 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 negative 10%, the payout at maturity will be $1,082.50 per $1,000 principal amount.

Otherwise, investors will lose 1.1111% for each 1% that the index declines beyond 10%.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Digital notes
Underlying index:	Euro Stoxx 50
Amount:	$8,418,000
Maturity:	July 13, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is greater than or equal to negative 10%, maximum settlement amount of $1,082.50 per $1,000 of notes; otherwise, 1.1111% loss for each 1% that index declines beyond 10%
Initial level:	3,978.84
Threshold level:	3,580.956, 90% of initial level
Pricing date:	April 9
Settlement date:	April 16
Agent:	Morgan Stanley & Co. LLC
Fees:	0%
Cusip:	61771VRY8

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