New Issue: Morgan Stanley prices $7.51 million trigger PLUS linked to Stoxx, S&P index basket

By Wendy Van Sickle

Columbus, Ohio, Dec. 23 – Morgan Stanley Finance LLC priced $7.51 million of 0% trigger Performance Leveraged Upside Securities due Jan. 6, 2028 linked to an equally weighted basket of the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If the final index level is greater than or equal to the initial level, the payout at maturity will be par of $10 plus 151% of the basket return. If the basket declines by 25% or less, the payout will be par. If the basket declines by more than 25%, investors will lose 1% for every 1% that the basket declines from its initial level.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Trigger Performance Leveraged Upside Securities
Underlying indexes:	Euro Stoxx 50 index, S&P 500 index; 50% weight each
Amount:	$7,513,850
Maturity:	Jan. 6, 2028
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If final basket level is greater than initial level, par plus 151% of basket return; if final basket level is less than initial basket level but greater than or equal to trigger level, par; if final basket level is less than trigger level, 1% loss for every 1% that basket declines from initial level
Initial index levels:	4,159.68 for Stoxx, 4,709.85 for S&P
Trigger level:	75% of initial level
Pricing date:	Dec. 15
Settlement date:	Dec. 20
Selected dealer:	Morgan Stanley Wealth Management
Fees:	3.5%
Cusip:	61773N155

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