New Issue: Morgan Stanley prices $250,000 buffered PLUS tied to Russell, S&P

By Wendy Van Sickle

Columbus, Ohio, Nov. 2 – Morgan Stanley Finance LLC priced $250,000 of 0% buffered Performance Leveraged Upside Securities due May 2, 2022 linked to the worse performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If each index finishes above the initial level, the payout at maturity will be par plus 150% of the gain of the worse performing index, capped at par plus 14.25%.

If either index falls by up to 10%, the payout will be par.

Otherwise, investors will be exposed to any losses beyond the buffer.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Buffered Performance Leveraged Upside Securities
Underlying index:	S&P 500, Russell 2000
Amount:	$250,000
Maturity:	May 2, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus 150% of return of worse performing index capped at par plus 14.25%; if either index falls by up to 10%, par; otherwise, exposure to losses of worse performing index beyond 10%
Initial levels:	1,590.482 for Russell, 3,390.68 for S&P
Buffer levels:	1,431.434 for Russell, 3,051.612 for S&P, 90% of initial levels
Pricing date:	Oct. 27
Settlement date:	Oct. 30
Agent:	Morgan Stanley & Co. LLC
Fees:	1.5%
Cusip:	61771B5K6

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