New Issue: Morgan Stanley sells $250,000 market-linked notes on basket of indexes, ETF

By Sarah Lizee

Olympia, Wash., Aug. 7 – Morgan Stanley Finance LLC priced $250,000 of 0% market-linked notes due Aug. 5, 2024 linked to an unequally weighted basket composed of the S&P 500 index with a 50% weight, the Euro Stoxx 50 index with a 25% weight and the iShares MSCI Emerging Markets ETF with a 25% weight, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

The payout at maturity will be par plus any basket gain, capped at par plus 50%. If the basket finishes flat or falls, the payout will be par.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Market-linked notes
Underlying basket:	S&P 500 index with a 50% weight, Euro Stoxx 50 index with a 25% weight and iShares MSCI Emerging Markets ETF with a 25% weight
Amount:	$250,000
Maturity:	Aug. 5, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any basket gain, capped at par plus 50%; par if basket finishes flat or falls
Initial levels:	2,980.38 for S&P, 3,466.85 for Stoxx, $41.77 for ETF
Pricing date:	July 31
Settlement date:	Aug. 5
Agent:	Morgan Stanley & Co. LLC
Fees:	0.75%
Cusip:	61769HKS3

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