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Published on 9/17/2021 in the Prospect News Structured Products Daily.

New Issue: Morgan Stanley sells $4.11 million Performance Leveraged Upside Securities on Russell

By William Gullotti

Buffalo, N.Y., Sept. 17 – Morgan Stanley Finance LLC priced $4.11 million of 0% Performance Leveraged Upside Securities due Aug. 30, 2022 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Morgan Stanley.

The payout at maturity will be par plus triple any index gain up to a maximum return of 14.07%.

Investors will lose 1% for each 1% decline of the index from its initial level.

Morgan Stanley & Co. LLC is the agent. Morgan Stanley Wealth Management is the dealer.

Issuer:Morgan Stanley Finance LLC
Guarantor:Morgan Stanley
Issue:Performance Leveraged Upside Securities
Underlying index:Russell 2000
Amount:$4,106,000
Maturity:Aug. 30, 2022
Coupon:0%
Price:Par
Payout at maturity:If index return is positive, par plus 300% of index return up to a maximum return 14.07%; 1% loss for every 1% that final index level is less than initial level
Initial level:2,322.336
Pricing date:June 28
Settlement date:June 30
Agent:Morgan Stanley & Co. LLC
Dealer:Morgan Stanley Wealth Management
Fees:2.35%
Cusip:61773FAK9

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