New Issue: Morgan Stanley prices $1.93 million Buffered PLUS linked to iShares ETF

New York, May 17 – Morgan Stanley Finance LLC priced $1.93 million of 0% Buffered Performance Leveraged Upside Securities due May 3, 2024 linked to the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund return is positive, the payout at maturity will be par plus 200% of the fund return, subject to a maximum return of par plus 21.2%. Investors will receive par if the fund declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

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 fund:	iShares MSCI Emerging Markets ETF
Amount:	$1,932,980
Maturity:	May 3, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If fund return is positive, par plus 200% of fund return, subject to a maximum return of par plus 21.2%; par if fund declines by 10% or less; 1% loss for every 1% that fund declines beyond 10%
Initial level:	$51.94
Buffer level:	$46.746, 90% of initial level
Upside leverage:	200%
Cap:	21.2%
Pricing date:	Oct. 15, 2021
Settlement date:	Oct. 20, 2021
Agent:	Morgan Stanley & Co. LLC
Fees:	3% including a structuring fee of 0.5%
Cusip:	61773E809

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