New Issue: Morgan Stanley prices $1.16 million call warrants linked to Euro Stoxx 50

By Susanna Moon

Chicago, June 5 – Morgan Stanley priced $1.16 million of call warrants due May 27, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The price is $1,000 per warrant. The issue price is $76.108 per warrant, or 7.6108% of the notional amount, for a total premium amount of $87,980.84.

The warrants will be automatically exercised on the expiration date if the index finishes at or above its initial index level, and the cash settlement amount will be the notional amount multiplied by the index return.

If the index falls, the warrants will expire worthless and the cash settlement amount will be zero.

UBS Financial Services Inc. is the agent.

Issuer:	Morgan Stanley
Issue:	Call warrants
Underlying index:	Euro Stoxx 50
Warrants:	1,156
Notional amount:	$1,000 each, or $1.16 million total
Price:	$76.108 per warrant, or $87,980.848 total
Maturity:	May 27, 2021
Cash settlement date:	Jan. 20, 2026
Payout:	If index gains, $10,000 multiplied by index return; otherwise, nothing
Initial index level:	3,515.36
Pricing date:	May 25
Settlement date:	May 31
Agent:	UBS Financial Services Inc.
Fees:	5.66%
Cusip:	61768Q502

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