New Issue: Morgan Stanley prices $2.57 million trigger gears linked to Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., April 29 – Morgan Stanley Finance LLC priced $2.57 million of 0% trigger gears due April 30, 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 zero, the payout at maturity will be par of $10 plus 1.8375 times the index return. Investors will receive par if the index declines by 25% or less and be fully exposed to the index’s decline from its initial level if it declines by more than 25%.

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

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Trigger gears
Underlying index:	Euro Stoxx 50
Amount:	$2,572,250
Maturity:	April 30, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is greater than zero, par plus 1.8375 times index return; par if index declines by 25% or less; full exposure to index’s decline from initial level if index declines by more than 25%
Initial index level:	3,130.43
Downside threshold:	2,347.82, 75% of initial level
Pricing date:	April 27
Settlement date:	April 29
Agent:	Morgan Stanley & Co. LLC
Dealer:	UBS Financial Services Inc.
Fees:	3.5%
Cusip:	61766B226

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