New Issue: Morgan Stanley sells $775,000 leveraged market-linked notes on Stoxx

By Kiku Steinfeld

Chicago, Sept. 20 – Morgan Stanley Finance LLC priced $775,000 of 0% market-linked securities – leveraged upside participation and fixed percentage buffered downside due Aug. 2, 2027 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.

The payout at maturity will be par plus 175% of any index gain. If the index falls by up to 20%, the payout will be par. Otherwise, investors will lose 1% for every 1% decline of the index beyond 20%.

Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC are the agents.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Market-linked securities – leveraged upside participation and fixed percentage buffered downside
Underlying index:	Euro Stoxx 50 index
Amount:	$775,000
Maturity:	Aug. 2, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 175% of any index gain; if the index falls by up to 20%, par; otherwise, investors will lose 1% for every 1% decline of the index beyond 20%
Initial index level:	4,136.91
Buffer level:	3,309.528, 80% of initial level
Pricing date:	Jan. 28
Settlement date:	Feb. 2
Agents:	Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC
Fees:	4.42%
Cusip:	61773HYT0

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