New Issue: Morgan Stanley prices $460,000 buffered PLUS tied to Russell, Dow, Nasdaq

By Kiku Steinfeld

Chicago, Sept. 1 – Morgan Stanley Finance LLC priced $460,000 of 0% buffered Performance Leveraged Upside Securities due July 6, 2026 linked to the worst performing of the Dow Jones industrial average, the Nasdaq-100 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 122% of the gain of the worst performing index.

If any index falls by up to 30%, the payout will be par.

Otherwise, investors will lose 1.4286% for each 1% decline of the worst performing index beyond the 30% buffer.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Buffered Performance Leveraged Upside Securities
Underlying indexes:	Nasdaq-100, Russell 2000, Dow Jones industrial average
Amount:	$460,000
Maturity:	July 6, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus 122% of return of worse performing index; if either index falls by up to buffer level, par; otherwise, 1.4286% loss for each 1% decline beyond buffer
Initial levels:	2,310.549 for Russell, 34,502.51 for Dow, 14,554.80 for Nasdaq
Buffer levels:	1,617.384 for Russell, 24,151.757 for Dow, 10,188.36 for Nasdaq, 70% of initial levels
Pricing date:	June 30
Settlement date:	July 6
Agent:	Morgan Stanley & Co. LLC
Fees:	0.5%
Cusip:	61771V3M0

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