New Issue: Morgan Stanley prices $1.35 million Trigger PLUS linked to three indexes

By Kiku Steinfeld

Chicago, April 29 – Morgan Stanley Finance LLC priced $1.35 million of 0% Trigger Performance Leveraged Upside Securities due Oct. 1, 2026 linked to the Dow Jones industrial average, Russell 2000 index and Nasdaq-100 index, 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 134% of its return. Investors will receive par if the worst performing index falls but closes at or above the 60% trigger and otherwise lose 1% for every 1% decline.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Trigger Performance Leveraged Upside Securities
Underlying indexes:	Dow Jones industrial average, Russell 2000 index and Nasdaq-100 index
Amount:	$1,345,000
Maturity:	Oct. 1, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If return of worst performing index is positive, par plus 134% of its gain; par if worst performing index declines but finishes at or above trigger level; 1% loss for every 1% decline if worst performing index finishes below trigger level
Initial levels:	34,299.99 for Dow, 14,770.30 for Nasdaq, 2,229.778 for Russell
Trigger levels:	20,579.994 for Dow, 8,862.18 for Nasdaq, 1,337.867 for Russell, 60% of initial levels
Upside leverage:	134%
Cap:	None
Pricing date:	Sept. 28, 2021
Settlement date:	Sept. 30, 2021
Agent:	Morgan Stanley & Co. LLC
Fees:	3.5%
Cusip:	61773FT29

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