New Issue: Morgan Stanley prices $260,000 dual directional trigger PLUS on Nasdaq, Russell

By Kiku Steinfeld

Chicago, Aug. 31 – Morgan Stanley Finance LLC priced $260,000 of 0% dual directional trigger Performance Leveraged Upside Securities due July 3, 2025 linked to the lesser performing of 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 each index gains, the payout at maturity will be par plus 110% of the return of the least-performing index.

If the least-performing index declines by no more than 30%, investors will gain 0.5% for every 1% that it declines.

Otherwise, investors will be fully exposed to the decline of the least-performing index.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Dual directional trigger Performance Leveraged Upside Securities
Underlying indexes:	Nasdaq-100, Russell 2000
Amount:	$260,000
Maturity:	July 3, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus 110% of the return of the least-performing index; if the least-performer declines by no more than 30%, investors will gain 0.5% for every 1% of its decline, otherwise, full exposure to decline of the least-performer
Initial levels:	2,310.549 for Russell, 14,554.80 for Nasdaq
Downside threshold levels:	1,617.384 for Russell, 10,188.36 for Nasdaq, or 70% of initial levels
Pricing date:	June 30
Settlement date:	July 6
Agent:	Morgan Stanley & Co. LLC
Fees:	0.5%
Cusip:	61771V3N8

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