New Issue: Morgan Stanley sells $12.52 million digital notes tied to Euro Stoxx 50

By Marisa Wong

Morgantown, W.Va., April 29 – Morgan Stanley Finance LLC priced $12.52 million of 0% digital notes due April 8, 2021 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 greater than or equal to negative 15%, the payout at maturity will be $1,159.50 per $1,000 of notes. Otherwise, investors will lose 1.1765% for every 1% that the index declines 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
Amount:	$12,522,000
Maturity:	April 8, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is greater than or equal to negative 15%, par plus 15.95%; otherwise, 1.1765% loss for every 1% that index declines beyond 15%
Initial index level:	3,424.65
Threshold level:	2,910.9525, 85% of initial level
Pricing date:	April 10
Settlement date:	April 17
Agent:	Morgan Stanley & Co. LLC
Fees:	None
Cusip:	61768D3W3

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