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

By Taylor Fox

New York, March 10 – Morgan Stanley Finance LLC priced $250,000 of 0% buffered Performance Leveraged Upside Securities due March 3, 2026 linked to the lesser 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 its initial level, the payout at maturity will be par plus 110% of the gain of the lesser-performing index.

If either index falls but neither falls by more than 20%, the payout will be par.

Otherwise, investors will lose 1.25% of any decline in the lesser-performing index beyond the 20% buffer.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Buffered Performance Leveraged Upside Securities
Underlying indexes:	S&P 500, Russell 2000
Amount:	$250,000
Maturity:	March 3, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus 110% of return of lesser-performing index; if either index falls but neither falls by more than 20%, par; otherwise, 1.25% exposure to losses of worse performing index beyond 20%
Initial levels:	2,201.051 for Russell, 3,811.15 for S&P
Buffer levels:	1,760.841 for Russell, 3,048.92 for S&P, 80% of initial levels
Pricing date:	Feb. 26
Settlement date:	March 3
Agent:	Morgan Stanley & Co. LLC
Fees:	0.5%
Cusip:	61771ET99

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