New Issue: Morgan Stanley prices $27.45 million trigger performance notes on Euro Stoxx 50

By Susanna Moon

Chicago, May 4 – Morgan Stanley priced $27.45 million of 0% trigger performance securities due April 30, 2025 linked to the Euro Stoxx 50, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of 208.31% of any index gain.

If the index finishes at or above the trigger level, 65% of the initial level, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

Morgan Stanley & Co. LLC is the underwriter. UBS Financial Services Inc. is acting as agent.

Issuer:	Morgan Stanley
Issue:	Trigger performance securities
Underlying index:	Euro Stoxx 50
Amount:	$27,446,330
Maturity:	April 30, 2025
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 208.31% of any index gain; if falls by up to 35%, par; otherwise, full exposure to any losses
Initial level:	3,715.42
Trigger level:	2,415.02, 65% of initial level
Pricing date:	April 28
Settlement date:	April 30
Underwriter:	Morgan Stanley & Co. LLC
Agent:	UBS Financial Services Inc.
Fees:	5%
Cusip:	61764V695

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