New Issue: Morgan Stanley prices $7.09 million 8.5% fixed income buffered securities on indexes

New York, May 31 – Morgan Stanley Finance LLC priced $7.09 million of fixed income buffered securities due Sept. 28, 2023 linked to the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 8.5%, paid monthly.

If the worst performing index finishes at or above its80% buffer level, the payout at maturity will be par.

Investors will lose 1.25% 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:	Fixed income buffered securities
Underlying indexes:	Russell 2000 index and Nasdaq-100 index
Amount:	$7,085,000
Maturity:	Sept. 28, 2023
Coupon:	8.5%, paid monthly
Price:	Par
Payout at maturity:	If worst performing index finishes at or above its buffer, par; 1.25% loss for every 1% that worst performing index declines beyond 20%
Initial levels:	11,769.84 for Nasdaq-100, 1,764.826 for Russell 2000
Buffer levels:	9,415.872 for Nasdaq-100, 1,411.861 for Russell 2000; 80% of initial levels
Pricing date:	May 25
Settlement date:	May 27
Agent:	Morgan Stanley & Co. LLC
Fees:	0%
Cusip:	61774DJU2

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