New Issue: Morgan Stanley sells $3.62 million accelerated return notes on Stoxx 50

By Marisa Wong

Morgantown, W.Va., Nov. 6 – Morgan Stanley Finance LLC priced $3.62 million of 0% accelerated return securities due Nov. 3, 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 positive, the payout at maturity will be par plus 169% of the index gain. If the index return is zero or negative but the final index level is greater than or equal to 70% of the initial level, the payout will be par. Otherwise, investors will be exposed to any losses beyond 30%.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Accelerated return securities
Underlying index:	Euro Stoxx 50
Amount:	$3,621,000
Maturity:	Nov. 3, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If the index finishes above its initial level, par plus 169% of the gain; if the index finishes flat or falls by no more than 30%, par; otherwise, 1% loss for each 1% decline beyond 30%
Initial level:	3,662.18
Pricing date:	Oct. 30
Settlement date:	Nov. 2
Agent:	Morgan Stanley & Co. LLC
Fees:	2.75%
Cusip:	61768CSR9

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