New Issue: Morgan Stanley prices $500,000 accelerated return securities on Stoxx

By Sarah Lizee

Olympia, Wash., July 31 – Morgan Stanley Finance LLC priced $500,000 of 0% accelerated return securities due Jan. 31, 2022 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 positive, the payout at maturity will be par plus 208% of the index return. Investors will receive par if the index falls by 20% or less and will be fully exposed to the index’s decline from its initial level if it falls by more than 20%.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Accelerated return securities
Underlying index:	Euro Stoxx 50
Amount:	$500,000
Maturity:	Jan. 31, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 208% of index return; par if index falls by 20% or less; full exposure to index’s decline from initial level if it falls by more than 20%
Initial level:	3,509.26
Trigger level:	2,807.408, 80% of initial level
Pricing date:	July 26
Settlement date:	July 31
Agent:	Morgan Stanley & Co. LLC
Fees:	2.75%
Cusip:	61768C7A9

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