New Issue: Morgan Stanley sells $9.3 million 5.7% fixed income buffered notes on Russell, Nasdaq

By William Gullotti

Buffalo, N.Y., Oct. 28 – Morgan Stanley Finance LLC priced $9.3 million of 5.7% fixed income buffered securities due Jan. 30, 2023 linked to the lesser performing of the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

Interest is paid monthly.

The payout at maturity will be par plus the coupon unless either index finishes below its buffer level, 82.5% of its initial level, in which case investors will lose 1.2121% for every 1% that the lesser-performing index declines beyond 17.5%.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Fixed income buffered securities
Underlying indexes:	Russell 2000 index, Nasdaq-100 index
Amount:	$9.3 million
Maturity:	Jan. 30, 2023
Coupon:	5.7% per year, payable monthly
Price:	Par
Payout at maturity:	Par plus the coupon unless either underlier finishes below its buffer level, in which case investors will lose 1.2121% for every 1% that lesser-performing underlier declines beyond buffer
Initial levels:	2,312.64 for Russell, 15,514.19 for Nasdaq
Buffer levels:	1,907.928 for Russell, 12,799.207 for Nasdaq; 82.5% of initial levels
Pricing date:	Oct. 26
Settlement date:	Oct. 28
Agent:	Morgan Stanley & Co. LLC
Fees:	0%
Cusip:	61773F8N6

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