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Published on 2/19/2021 in the Prospect News Structured Products Daily.

New Issue: Morgan Stanley sells $1.02 million PLUS linked to S&P, Russell, Nasdaq

By Kiku Steinfeld

Chicago, Feb. 19 – Morgan Stanley Finance LLC priced $1.02 million of 0% Performance Leveraged Upside Securities due Feb. 9, 2026 linked to the S&P 500 index, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If both indexes finish above their initial levels, the payout at maturity will be par plus 5 times the gain of the least performing index, capped at par plus 72%.

Investors will be exposed to any losses of the least performing index.

Morgan Stanley & Co. LLC is the agent.

Issuer:Morgan Stanley Finance LLC
Guarantor:Morgan Stanley
Issue:Performance Leveraged Upside Securities
Underlying indexes:Russell 2000, Nasdaq-100 and S&P 500
Amount:$1,022,000
Maturity:Feb. 9, 2026
Coupon:0%
Price:Par
Payout at maturity:Par plus 5 times any gain of least performing index, capped at par plus 72%; exposure to any losses of least performer
Initial levels:3,830.17 for S&P, 2,159.703 for Russell, 13,402.37 for Nasdaq
Pricing date:Feb. 4
Settlement date:Feb. 9
Agent:Morgan Stanley & Co. LLC
Fees:0.85%
Cusip:61771E5B0

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