New Issue: Morgan Stanley prices $6.2 million digital notes linked to Stoxx 50

By Wendy Van Sickle

Columbus, Ohio, Dec. 10 – Morgan Stanley Finance LLC priced $6.2 million of 0% digital notes due April 30, 2020 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 at least 85% of the initial level, the payout at maturity will be the maximum settlement amount, $1,100 per $1,000 principal amount.

Otherwise, investors will lose 1.765% for each 1% decline beyond 15%.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Digital notes
Underlying index:	Euro Stoxx 50 index
Amount:	$6.2 million
Maturity:	April 30, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is at least 85% of initial level, maximum settlement amount, $1,100 per $1,000 principal amount; otherwise, 1.765% loss for each 1% loss beyond 15%
Initial level:	3,189.25
Threshold level:	2,710.8625, 85% of the initial level
Pricing date:	Dec. 4
Settlement date:	Dec. 11
Agent:	Morgan Stanley & Co. LLC
Fees:	1.04%
Cusip:	61768DSS5

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