New Issue: Morgan Stanley sells $454,124 call warrants linked to Euro Stoxx

By Marisa Wong

Morgantown, W.Va., May 10 – Morgan Stanley Finance LLC priced 5,999 call warrants expiring May 3, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The warrants are guaranteed by Morgan Stanley.

The warrants have a notional amount of $1,000 each. The issue price is $75.70 per warrant, or 7.57% of the notional amount, for a total premium amount of $454,124.30.

The warrants will be automatically exercised on the expiration date. If the final index level is greater than the initial index level, the payout will be $1,000 multiplied by the index return.

If the final index level is less than or equal to the initial level, the warrants will expire worthless and investors will lose their entire investments in the warrants.

J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Call warrants
Underlying index:	Euro Stoxx 50
Warrants:	5,999
Notional amount:	$1,000 each, or $5,999,000 total
Price:	$75.70 each, or $454,124.30 total
Expiration date:	May 3, 2021
Cash settlement date:	May 6, 2021
Payout:	If index’s final level is greater than initial index level, $1,000 multiplied by index return; if final level is less than or equal to initial level, nothing
Initial index level:	3,550.59
Final level:	Average of index closing levels on five trading days ending May 3, 2021
Pricing date:	May 4
Settlement date:	May 9
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	$4.30 per warrant
Cusip:	61768Q262

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