New Issue: Morgan Stanley sells $1.63 million contingent buffer equity notes on Stoxx

By Sarah Lizee

Olympia, Wash., Aug. 2 – Morgan Stanley Finance LLC priced $1.63 million of contingent buffer equity notes due Feb. 3, 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 finishes at or above the 70% knock-out level, the payout at maturity will be par plus the greater of zero and 123% of the index return.

Otherwise, investors will be fully exposed to the index decline.

The final index level will be the average of the closing values on each of the five trading days ending Jan. 24, 2020.

Morgan Stanley & Co. LLC is the agent with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Contingent buffer equity notes
Underlying index:	Euro Stoxx 50 index
Amount:	$1,632,000
Maturity:	Feb. 3, 2020
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If the index finishes at or above the knock-out level, par plus the greater of zero and 123% of the index return; otherwise, full exposure to the index decline
Initial level:	3,527.18
Knock-out level:	2,469.026, 70% of initial level
Final index value:	Average of the closing values on each of the five trading days ending Jan. 24, 2020
Pricing date:	July 27
Settlement date:	Aug. 1
Agent:	Morgan Stanley & Co. LLC
Placement agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1.25%
Cusip:	61768DAP0

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