New Issue: Morgan Stanley sells $5.32 million buffered participation securities on three indexes

By William Gullotti

Buffalo, N.Y., Oct. 8 – Morgan Stanley Finance LLC priced $5.32 million of 0% buffered participation securities due Oct. 12, 2022 linked to the worst performing of the Russell 2000 index, the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes above the initial level, the payout at maturity will be par plus the gain of the laggard index up to par plus 8.75%.

If either index falls but not by more than 20%, the payout will be par.

Otherwise, investors will lose 1% for each 1% loss of lesser-performing index beyond the buffer.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Buffered participation securities
Underlying index:	Russell 2000 index, Nasdaq-100 index, S&P 500 index
Amount:	$5,323,000
Maturity:	Oct. 12, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If final level of each is greater than initial index level, par plus the gain of lesser-performing index return up to par plus 8.75%; if lesser-performing index falls by up to 20%, par; otherwise, 1% loss for each 1% loss lesser-performing index beyond the buffer
Initial levels:	4,345.72 for S&P, 2,228.358 for Russell, 14,674.15 for Nasdaq
Buffer levels:	80% of initial levels
Pricing date:	Oct. 5
Settlement date:	Oct. 8
Agent:	Morgan Stanley & Co. LLC
Fees:	0.75%
Cusip:	61773F4M2

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