New Issue: Morgan Stanley sells $5.84 million fixed income buffered securities on Russell, Nasdaq

By Wendy Van Sickle

Columbus, Ohio, Nov. 20 – Morgan Stanley Finance LLC priced $5.84 million of 6.65% fixed income buffered securities due Nov. 9, 2021 linked to the lesser performing of the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

Each month, the notes will pay a fixed coupon at the rate of 6.65% per year.

The payout at maturity will be par plus the coupon unless either underlier finishes below its buffer level, 80% of its initial level, in which case investors will lose 1.25% for every 1% that the lesser-performing underlier declines beyond 20%.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Fixed income buffered securities
Underliers:	Russell 2000 index and Nasdaq-100 index
Amount:	$5,835,000
Maturity:	Nov. 9, 2021
Coupon:	6.65% per year, payable monthly
Price:	Par
Payout at maturity:	Par plus the coupon unless either underlier finishes below its buffer level, in which case investors will lose 1.25% for every 1% that lesser-performing underlier declines beyond buffer
Initial levels:	1,614.295 for Russell, 11,279.91 for Nasdaq
Buffer levels:	1,291.436 for Russell, 9,023.928 for Nasdaq; 80% of initial levels
Pricing date:	Nov. 4
Settlement date:	Nov. 6
Agent:	Morgan Stanley & Co. LLC
Fees:	0%
Cusip:	61771EJF6

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