diff --git a/electrum/base_wizard.py b/electrum/base_wizard.py
index 8edef001c..9520d5081 100644
--- a/electrum/base_wizard.py
+++ b/electrum/base_wizard.py
@@ -342,7 +342,7 @@ class BaseWizard(object):
             # For segwit, a custom path is used, as there is no standard at all.
             default_choice_idx = 0
             choices = [
-                ('standard',   'legacy multisig (p2sh)',            "m/45'/0"),
+                ('standard',   'legacy multisig (p2sh)',            "m/44'/140'/0'"),
                 ('p2wsh-p2sh', 'p2sh-segwit multisig (p2wsh-p2sh)', purpose48_derivation(0, xtype='p2wsh-p2sh')),
                 ('p2wsh',      'native segwit multisig (p2wsh)',    purpose48_derivation(0, xtype='p2wsh')),
             ]