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Published on 3/5/2024 in the Prospect News Structured Products Daily.

New Issue: Morgan Stanley prices $1.32 million Buffered PLUS linked to Stoxx index, iShares ETF

New York, March 5 – Morgan Stanley Finance LLC priced $1.32 million of 0% Buffered PLUS due May 11, 2026 linked to the Euro Stoxx 50 index and the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of the worst performing asset is positive, the payout at maturity will be par plus 150% of that asset’s return.

Investors will receive par if the worst performing asset declines by 30% or less and will lose 1.4286% for each 1% decline of the worst performer beyond 30%.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:Morgan Stanley Finance LLC
Guarantor:Morgan Stanley
Issue:Buffered PLUS
Underlying assets:Euro Stoxx 50 index and iShares MSCI EAFE ETF
Amount:$1,323,000
Maturity:May 11, 2026
Coupon:0%
Price:Par
Payout at maturity:If worst performing asset gains, par plus 150% of that asset’s return; par if worst performing asset declines by 30% or less; otherwise, lose 1.4286% for each 1% decline of the worst performer beyond 30%
Initial levels:$75.21 for iShares MSCI EAFE ETF, 4,690.87 for Euro Stoxx 50
Buffer:30%
Buffer level:$52.647 for iShares MSCI EAFE ETF, 3,283.609 for Euro Stoxx 50 index, 70% of initial levels
Upside leverage:150%
Downside leverage:142.86%
Pricing date:Feb. 6
Settlement date:Feb. 9
Agent:Morgan Stanley & Co. LLC
Fees:0.06%
Cusip:61771WXM5

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