New Issue: Morgan Stanley prices $1.33 million Buffered PLUS linked to Nasdaq, Russell, Dow

By Kiku Steinfeld

Chicago, March 22 – Morgan Stanley Finance LLC priced $1.33 million of 0% Buffered Performance Leveraged Upside Securities due Sept. 20, 2024 linked to the Nasdaq-100 index, Russell 2000 index and Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of the worst performing index is positive, the payout at maturity will be par plus 105% of the return of that index. Investors will receive par if the worst performing index declines by 20% or less and will lose 1% for every 1% that the worst performing index declines beyond 20%.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Buffered Performance Leveraged Upside Securities
Underlying indexes:	Nasdaq-100 index, Russell 2000 index and Dow Jones industrial average
Amount:	$1.33 million
Maturity:	Sept. 20, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If return of worst performing index is positive, par plus 105% of that index's return; par if worst performing index declines by 20% or less; 1% loss for every 1% that worst performing index declines beyond 20%
Initial levels:	34,584.88 for Dow, 15,333.47 for Nasdaq, 2,236.871 for Russell
Buffer levels:	27,667.904 for Dow, 12,266.776 for Nasdaq, 1,789.497 for Russell, 80% of initial levels
Upside leverage:	105%
Cap:	None
Pricing date:	Sept. 17, 2021
Settlement date:	Sept. 22, 2021
Agent:	Morgan Stanley & Co. LLC
Fees:	0.5%
Cusip:	61773FYR8

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