New Issue: Morgan Stanley prices $3.28 million buffered PLUS linked to Euro Stoxx 50

By Kiku Steinfeld

Chicago, Aug. 23 – Morgan Stanley Finance LLC priced $3.28 million of 0% buffered Performance Leveraged Upside Securities due Feb. 5, 2024 linked to the Euro Stoxx 50, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 200% of the index return, subject to a maximum return of par plus 19.6%. Investors will receive par if the index 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 index:	Euro Stoxx 50
Amount:	$3,276,850
Maturity:	Feb. 5, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is positive, par plus 200% of index return, subject to par plus 19.6% maximum return; par if index declines by 10% or less; 1% loss for every 1% that index declines beyond 10%
Initial level:	4,035.77
Buffer level:	3,632.193; 90% of initial level
Pricing date:	July 16
Settlement date:	July 21
Agent:	Morgan Stanley & Co. LLC
Fees:	3%
Cusip:	61772Y350

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