New Issue: Morgan Stanley sells $1.18 million contingent income securities on Russell 2000, Euro Stoxx

New York, Jan. 30 – Morgan Stanley priced $1.18 million of contingent income securities due Jan. 30, 2030 linked to the worst performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a fixed monthly coupon of 6.5% for the first five years. After that, the coupon will be a contingent monthly payment at an annual rate of 6.5% if each index closes at or above its coupon barrier level, 50% of its initial level, on the observation date for that month.

The payout at maturity will be par plus the final coupon unless either index finishes below its 50% trigger level, in which case investors will be fully exposed to any losses of the worst performing index.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Contingent income participation securities
Underlying indexes:	Russell 2000 and Euro Stoxx 50
Amount:	$1,179,000
Maturity:	Jan. 30, 2030
Coupon:	6.5% for first five years, then 6.5% for each month that both indexes close at or above coupon barrier level on the observation date for that month
Price:	Par
Payout at maturity:	Par plus coupon unless either index finishes below its barrier level, in which case investors will be fully exposed to any losses of the worst performing index
Barrier levels:	597.329 for Russell and 1,686.29 for Euro Stoxx; 50% of initial levels
Initial levels:	1,194.658 for Russell and 3,327.58 for Euro Stoxx
Pricing date:	Jan. 27
Settlement date:	Jan. 30
Agent:	Morgan Stanley & Co. LLC
Fees:	3.5%
Cusip:	61761JVQ9

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