New Issue: Morgan Stanley prices $2 million gears tied to five-index basket

By William Gullotti

Buffalo, N.Y., Nov. 9 – Morgan Stanley Finance LLC priced $2 million of 0% gears due Nov. 9, 2026 linked to a weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

The basket is comprised of the Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 17.5% weight, the Nikkei 225 index with a 25% weight, the Swiss Market index with a 10% weight and the S&P/ASX 200 index with a 7.5% weight.

If the basket return is greater than zero, the payout at maturity will be par of $10 plus 2.22 times the basket return. Investors will be fully exposed to any loss of the basket.

UBS Financial Services Inc. and Morgan Stanley & Co. LLC are the agents.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Basket-linked gears
Underlying basket:	Euro Stoxx 50 (40% weight), FTSE 100 (17.5% weight), Nikkei 225 (25% weight), Swiss Market (10% weight), S&P/ASX 200 (7.5% weight)
Amount:	$2 million
Maturity:	Nov. 9, 2026
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If basket return is greater than zero, par plus 2.22 times basket return; full exposure to any basket loss
Initial levels:	4,333.34 for Euro Stoxx 50, 29,794.37 for Nikkei, 7,279.91 for FTSE, 12,403.05 for Swiss Market, 7,427.987 for S&P/ASX
Pricing date:	Nov. 4
Settlement date:	Nov. 9
Agents:	UBS Financial Services Inc. and Morgan Stanley & Co. LLC
Fees:	3.5%
Cusip:	61773G556

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