New Issue: Morgan Stanley prices $27.26 million trigger PLUS tied to Euro Stoxx 50

By Marisa Wong

Morgantown, W.Va., May 16 – Morgan Stanley Finance LLC priced $27.26 million of 0% trigger Performance Leveraged Upside Securities due May 17, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If the index return is positive, the payout at maturity will be par of $10 plus 500% of the index return. If the index declines by 25% or less, the payout will be par. If the index declines by more than 25%, investors will lose 1% for every 1% that the final index level is less than the initial index level.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Trigger Performance Leveraged Upside Securities
Underlying index:	Euro Stoxx 50
Amount:	$27,263,630
Maturity:	May 17, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is positive, par plus 500% of index return; if index declines by 25% or less, par; if index finishes below trigger level, 1% loss for every 1% that final index level is less than initial index level
Initial level:	3,637.52
Trigger level:	2,728.14, 75% of initial level
Pricing date:	May 12
Settlement date:	May 17
Agent:	Morgan Stanley & Co. LLC
Fees:	3%
Cusip:	61766W386

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