New Issue: Morgan Stanley sells $550,000 Performance Leveraged Upside Securities on Nasdaq, Russell

By William Gullotti

Buffalo, N.Y., Jan. 18 – Morgan Stanley Finance LLC priced $550,000 of 0% Performance Leveraged Upside Securities due Aug. 30, 2024 linked to the performance of the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Morgan Stanley.

If each index finishes positive, the payout at maturity will be par plus 164% of the gain of the laggard index. Investors will lose 1% for each 1% decline of the worst performer from its initial level.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Performance Leveraged Upside Securities
Underlying indexes:	Nasdaq-100 index, Russell 2000 index
Amount:	$3,853,270
Maturity:	Aug. 30, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If each index return is positive, par plus 164% of the laggard index’s return; otherwise, 1% loss for every 1% that the worst performer finishes below its initial level
Initial levels:	15,432.95 for Nasdaq, 2,277.151 for Russell
Pricing date:	Aug. 27
Settlement date:	Sept. 1
Agent:	Morgan Stanley & Co. LLC
Fees:	0.5%
Cusip:	61773FUC5

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