New Issue: Morgan Stanley prices $630,000 trigger PLUS linked to Dow, Russell

By Wendy Van Sickle

Columbus, Ohio, Feb. 13 – Morgan Stanley Finance LLC priced $630,000 of 0% trigger Performance Leveraged Upside Securities due Feb. 15, 2024 linked to the worst performing of the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If each index finishes above its initial level, the payout at maturity will be par plus 156% of any gain of the worst performing index.

If either index falls by up to the 65% trigger level, the payout will be par.

Otherwise, investors will be fully exposed to any losses of the worst performing index.

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 and Russell 2000
Amount:	$630,000
Maturity:	Feb. 15, 2024
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If worst-performing index gains, par plus 156% of any gain of the worst performing index; if either index falls by up to 35%, par; otherwise, full exposure to any losses of worst performing index
Initial level:	25,053.11 for Dow, 1,518.982 for Russell
Trigger level:	16,284.522 for Dow, 987.338 for Russell; 65% of initial level
Pricing date:	Feb. 11
Settlement date:	Feb. 14
Agent:	Morgan Stanley & Co. LLC
Fees:	1%
Cusip:	61768DQ57

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