New Issue: Morgan Stanley prices $12.37 million trigger PLUS linked to Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., Aug. 4 – Morgan Stanley priced $12.37 million of 0% trigger Performance Leveraged Upside Securities due Aug. 5, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 175% of the index return, subject to a maximum return of 42.85%. Investors will receive par if the index falls by 40% or less and will be fully exposed to the index’s decline if it finishes below the 60% trigger level.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Trigger Performance Leveraged Upside Securities
Underlying index:	Euro Stoxx 50
Amount:	$12,374,330
Maturity:	Aug. 5, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 175% of any index gain, capped at 42.85%; par if index falls by 40% or less; otherwise, full exposure to index’s decline
Initial index level:	3,115.51
Trigger level:	1,869.306, 60% of the initial level
Pricing date:	July 31
Settlement date:	Aug. 5
Agent:	Morgan Stanley & Co. LLC
Fees:	3.5%
Cusip:	61761S752

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