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Published on 5/30/2018 in the Prospect News Structured Products Daily.

Morgan Stanley plans 8.5% contingent income autocalls on indexes

New York, May 30 – Morgan Stanley Finance LLC plans to price 8.5% contingent income autocallable securities due Dec. 19, 2019 linked to the worst performing of the S&P 500 index, the Euro Stoxx 50 index and the Nikkei 225 index, according to a 424B2 filed with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 8.5% if each index closes at or above its 75% coupon barrier on the observation date for that quarter.

The notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly observation date.

The payout at maturity will be par unless any index closes below its 75% downside threshold, in which case investors will be fully exposed to any losses of the worse performing index.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

The notes will price on June 15 and settle on June 20.

The Cusip number is 22550WWF0.


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